30% 'Apple Tax' to apply on NFT transactions?
Apple recently announced updates to its App Store Review Guidelines. A part of the same was dedicated to providing clarity around Non Fungible Tokens or NFTs. NFTs, as such, are allowed to exist within apps on the App Store. However, they cannot unlock additional features or content. The newly-released guidelines clarified, “Apps may use in -app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring. Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock Features or functionality within the app.” Alongside, developers are not permitted to create “buttons, external links, or other calls to action” telling users how to bypass the App Store to buy NFTs via other platforms. Instead, the App Store wants users to make in-app purchases. Furthermore, it also prevents apps from using mechanisms like “QR codes, cryptocurrencies, and cryptocurr...