It allegedly wanted 30 percent of transaction fees.
ByCoinbase has accused Apple of forcing it to remove NFT transfers from its Wallet app on iOS. On Thursday,that Apple “blocked our last app release until we disabled the feature” because the iPhone maker wanted the blockchain fees associated with an NFT transfer to go through its in-app purchase system, giving it a 30 percent cut.
While some NFT marketplaces let you purchase the digital tokens using traditional fiat currency like the US dollar, the fees Coinbase is talking about are a different matter entirely. On blockchains like Ethereum, which many NFT projects use, any transaction will incur a fee, which goes to pay the people who validate it. The fees are collected in cryptocurrencies, like ETH. That’s true even if you’re sending someone an NFT for free.
Despite that fact, it’s not necessarily a surprise that Apple told Coinbase that it wasn’t allowed to keep its NFT transfer system as it was. In October, the company updated itsto specifically address NFTs with this new addition under section 3.1.1 In-App Purchase: . Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app. Apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase.
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