Reactions to App Store’s NFT cuts are avalanche

In the past weeks, there has been much discussion about the update that App Store apps will cut 30 percent from commission fees on NFT sales. The companies whose revenues were affected started to raise the flag of rebellion. React to App Store App...
 Reactions to App Store’s NFT cuts are avalanche
READING NOW Reactions to App Store’s NFT cuts are avalanche
In the past weeks, there has been much discussion about the update that App Store apps will cut 30 percent from commission fees on NFT sales. The companies whose revenues were affected started to raise the flag of rebellion.

Reaction to the App Store

Reactions began to come in the App Store contracts demanding a 30 percent cut from the transfer fees of NFT sales in applications. When Apple tried to block the NFT trading application of the Coinbase exchange, the ropes were tense.

The exchange stated that a 30 percent cut from NFT trading is not acceptable and is a move against the logic of the blockchain. Stating that he finds it strange that a $2 trillion company cuts 30 percent from small trading fees, the company stated that they will follow different policies to protect the interests of customers.

On the other hand, popular Metamask wallet developers also criticize Apple’s policy. D. Finlay stated that the policies are determined arbitrarily and that they can leave the Apple ecosystem if necessary. There are also discussions with Google regarding NFT trading.

Apple, which has been at odds with Twitter and Epic Games due to revenue cuts, has now taken the cryptocurrency community against it. Just how far things can go and how much damage Apple can suffer from it is a matter of curiosity.

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