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Apple will charge a 30% commission when selling NFTs through the company’s smartphones

Tech giant Apple has allowed the sale of collectible tokens (NFT) in applications on its devices, however, the commission will be 30%. This caused outrage in the crypto community.

The 30% fee is standard for Apple, but NFT application developers and other members of the crypto community disagreed with the company’s decision. This effectively puts NFT purchases on par with regular in-app purchases, they say. However, for the growing field of collectible tokens, such a commission is too high.

“Now Apple is killing the NFT business, which is tax deductible. It’s destroying a nascent technology that can compete with terrible and overpriced in-game item services,” Epic Games CEO Tim Sweeney tweeted.

At the moment, Apple users are not too interested in NFT due to excessively high fees. At the same time, applications such as OpenSea, Rarible, Magin Eden, Binance, Crypto.com and Coinbase Wallet offer the purchase of collection tokens. Recall that at the beginning of the month, Apple received judicial protection from the claims of users of mobile applications.

Source: Bits

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