Coinbase Wallet says Apple requested 30% of all NFT transfer gas fees

Please fol­low and like us:
Pin Share

Coin­base Wal­let on Dec. 1 revealed that Apple blocked its last appli­ca­tion update and request­ed 30% of all NFT trans­fer gas fees.

Accord­ing to the cryp­to wal­let ser­vice provider, this was why its users couldn’t send NFTs via their iPhones anymore.

Coin­base wal­let wrote that Apple’s request was “clear­ly not pos­si­ble,” adding that “Apple’s pro­pri­etary In-App Pur­chase sys­tem does not sup­port crypto.

The cryp­to wal­let ser­vice provider described Apple’s 30% request as an attempt “to take a cut of the fees for every email sent over open Inter­net protocols.”

Coin­base Wal­let said:

Apple has intro­duced new poli­cies to pro­tect their prof­its at the expense of con­sumer invest­ment in NFTs and devel­op­er inno­va­tion across the cryp­to ecosystem.”

The “Apple Tax”

The cryp­to com­mu­ni­ty had pre­vi­ous­ly expressed con­cerns over Apple’s 30% cut on NFT sales made via in-app purchases.

In Octo­ber, the tech giant said devel­op­ers would be allowed to issue NFTs on their apps. 

How­ev­er, these NFTs can­not be used to unlock new fea­tures or con­tent. Apple also said devel­op­ers could opti­mize their apps to facil­i­tate cryp­tocur­ren­cy trans­ac­tions on only licensed exchanges.

The cryp­to com­mu­ni­ty react­ed neg­a­tive­ly to this news, with Epic Games CEO Tim Sweeney say­ing, “Apple’s moti­va­tions are only money.”

Apple’s 30% fee was intro­duced in 2008 by CEO Steve Jobs. The tech firm takes a reduced fee of 15% fee from devel­op­ers earn­ing less than $1 mil­lion annually.

Read Our Latest Market Report

Connect your wallet, trade with Orion Swap Widget.

Direct­ly from this Wid­get: the top CEXs + DEXs aggre­gat­ed through Ori­on. No account, glob­al access.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.