DESPITE PUBLIC OUTRAGE, APPLE CONTINUES TO CHARGE 30% FOR NFTS APPS IN THE APP STORE.

Despite numerous calls from the Web3 community for Apple to waive the 30% App Store tax, NFTs will still be subject to it. According to a policy update released by the tech giant at the beginning of this week, which established its guidelines for iOS apps that deal with NFT minting, purchasing, and selling, this is the case.

For the first time, Apple has made explicit rules for NFTs in its App Store with the policy change. One rule is that apps cannot link their users to third-party sites where they can buy, sell, or mint outside the Apple environment or grant NFT owners exclusive access in order to avoid paying fees. Additionally, the apps need to be licensed in every area where they are used.

Reactions To Apple Store NFT Fees Are Mixed
The update was released a month after allegations that Apple would impose a 30% fee on all NFT transactions made within its apps arose. Many criticized the fee rate as being excessively expensive, especially when compared to the 2.5% that regular NFT marketplaces charge.

Tim Sweeney, an NFT advocate, believed the high fees were crushing developers and failed to encourage the sector’s growth. Other NFT proponents went to the extent of calling the fees “abusive.”

The fees have also attracted criticism from analysts and investors. Patent experts at Foss Patents say that the actual app tax will exceed 30% since developers will have to pay additional fees for search ads that are placed on individual app pages.
Not everyone, though, is opposed to the fees; some people choose to look on the plus side of Apple allowing NFTs to be sold on its platform.

CEO of Web3 game maker Limit Break Gabriel Leydon is more than happy to pay the fees so long as Apple accepts its enormous user base, which will foster the expansion of the NFT sector.