Apple Updates NFT Rules! Trading Is Now Allowed!

Apple, one of the world's leading technology companies, has released new NFT App Store rules. The announcement comes after a long period of uncertainty about how they would adopt Web3 technology, specifically NFTs. With its latest statement, the company has updated its terms and conditions. From now on, users will be able to trade in-app NFTs.

Apple has given the green light to NFTs with its latest statement. However, there are some interesting rules in the statement. According to the statement, NFT payments cannot take place outside the app. Apple will also be able to charge a fee of up to 30 percent for in-app payments. Moreover, NFT apps will not be able to publish utilities specific to NFTs. This means that these collections will not be able to offer any extra functionality to their investors, which will cause major problems. The new NFT rules became effective today, coinciding with the iOS 16.1, iPad OS 16.1 and macOS Ventura software updates released on Monday. The new rules limit many of the features that NFTs offer. They also place restrictions on apps to ensure that all purchases are made using Apple's payment methods. Specifically, Apple has the ability to own 30 percent of all in-app payments. This will severely restrict app revenues. While there is not a complete ban on NFTs, it has made it harder for creators and apps to use NFTs in the App Store. Many in the NFT community argue that the 30 percent commission will make it difficult for apps to offer high-quality services. The company has approved users to buy, sell, trade, and list in-app NFTs. However, the rules will make this incredibly difficult. Source: nfxhaber.com Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!