Cryptocurrency

Apple Faces Backlash from NFT Community Over 30 Percent App Store Fee on Digital Assets: Report

Apple Faces Backlash from NFT Community Over 30 Percent App Store Fee on Digital Assets: Report

Apple is looking to charge a 30 percent fee on all NFT transactions that occur on apps available on its App Store. As per industry standards, NFT marketplace commissions are usually around 2.5 percent, compared to which Appleā€™s demand of a 30 or 15 percent commission comes across as overpriced.

Leave a Reply

Your email address will not be published.