According to the most recent information, Apple users will soon be able to make use of specific NFT features on their own devices.
More information regarding Apple perspective on the entirety of the cryptocurrency business, including exchanges and non-fungible tokens (NFT), was included in the most recent revision of the company’s standards, which was released on Monday.
However, the multinational corporation headquartered in Cupertino, California, is adamant about maintaining complete command of the operation.
Apple is able to collaborate with trading venues so long as those venues have been regulated by the relevant local watchdogs in the regions in which it operates the App Store.
When it comes down to it, the situation becomes a little bit more complicated because of in-app transactions. If any cryptocurrency or NFT platform intends to sell such services, it is necessary for them to be compliant with all of Apple’s regulations and systems.
Because of this, it is possible that businesses will be unable to “include buttons, external links, or other calls to action that route users to purchasing methods that are different from in-app purchases.”
The software giant is notorious for levying a fee of thirty percent on all transactions that are processed through its platform.
However, on the other side, the industry might gain a tremendous boost given Apple’s size and status as the largest corporation by market valuation, with a notable difference from its followers. The NFT community was pretty dissatisfied with this update.
