New Apple rules double down on 30% NFT 'tax' and geo-limits exchanges

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New Apple rules double down on 30% NFT 'tax' and geo-limits exchanges
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The 30% “Apple tax” on NFTs has been put to ink for the first time, along with rules that prevent users from buying NFTs through means other than as 'in-app purchases.'

Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.

It also allows applications to use in-app purchases to “sell and sell services” related to NFTs such as “minting, listing, and transferring.” Apps won't be allowed to include “buttons, external links, or other calls to action” which could give users a way to circumvent app-store commissions when purchasing NFTs. It also prevents apps from using mechanisms"such as [...] QR codes, cryptocurrencies, and cryptocurrency wallets” which could be used to unlock content or functionality within an app.

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