I just came across an [article]( stating that Apple App store rules mean a 30% commission on in-app NFT trades!
This is a bit shocking to me on a world where the average NFT marketplace charges under 5% commission, and where many have been working really hard to bring the staple ETH fees down on the NFT space leaded my L2 solutions like Polygon but all sort of alternatives on other chains like Solana, Unique Network, Binance Smart Chain, Wax Labs, etc
If this is a bit shocking to me due to the high numbers, there are two points that must be taken in account:
1. This 30% commission is the Apple charge on any in-app sale. Crypto and NFT might, or might not have a different treatment.
2. Whatever the commission will be, it seems Apple is actively interested in working closer with the NFT space which is pretty bullish
What’s your views on this plans from Apple to the overall NFT space?
I don’t believe Apple will succeed in its endeavors this time. NFT artists can’t accept a 30% commission. I’m close with Unique’s NFT developments and I’m holding their canary network, Quartz, which is a parachain on Kusama and it has very low mint prices. We need projects capable of keep building the needed nft infrastructure.
Say no to centralization, embrace decentralization.
The work around I’ve seen is NFT apps allow you to do everything but buy and sell, forcing you to use the web interface for that to get around fees. For example I play some NFT games and I can play on my phone and earn crypto by playing but if I want to buy nfts used in the game I have to go to a website.
Apple should focus on iPhones. Crypto projects will build and dominate the needed NFT infrastructure.I like the low fees of Solana along with the fact that can perform over 3000 TPS. This is highly scalable for NFTs. BSC and Tezos are also good options. Unique seems to be a highly promising chain. I’m pretty close with all of the Polkadot’s parachains.
Apple does 30% on every sale. No way around it.
If you purchase a Reddit avatar NFT, do it in desktop.
Google does this same shit apparently, only way to get around it is purchasing in desktop
I think 30% is on the high side but people will still opt to use this regardless.
30% is robbery!!!