{"id":29915,"date":"2022-09-23T16:36:53","date_gmt":"2022-09-23T16:36:53","guid":{"rendered":"https:\/\/egrowonline.com\/?p=29915"},"modified":"2022-09-23T16:36:53","modified_gmt":"2022-09-23T16:36:53","slug":"how-apples-app-store-policies-squeeze-nft-startups-the-information","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=29915","title":{"rendered":"How Apple\u2019s App Store Policies Squeeze NFT Startups \u2014 The Information"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"has-fadeout down-up dark-bg\">\n<p class=\"first\">Non-fungible tokens, like much of the crypto world, are in regulators\u2019 and lawmakers\u2019 crosshairs. But NFT startups have been just as preoccupied with another rulemaker: Apple.<\/p>\n<p>With NFT volumes tanking along with the broader crypto market, marketplace startups could use a boost from using mobile apps to sell their wares. So far, though, most see some obstacles, including the up to 30% commission Apple charges on in-app purchases, as well as pricing conventions that are difficult to apply to volatile digital assets.<\/p>\n<p>The result is that NFT marketplaces don\u2019t even think about selling through an app. Sidney Zhang, co-founder and chief technology officer at Magic Eden, told The Information the startup has never tried to offer buy and sell functions on its app because of Apple\u2019s commissions.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theinformation.com\/articles\/how-apples-app-store-policies-squeeze-nft-startups\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Non-fungible tokens, like much of the crypto world, are in regulators\u2019 and lawmakers\u2019 crosshairs. But NFT startups have been just as preoccupied with another rulemaker: Apple. With NFT volumes tanking along with the broader crypto market, marketplace startups could use a boost from using mobile apps to sell their wares. So far, though, most see [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[149,7571,4780,307,4879,2310,4627,54],"class_list":["post-29915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-app","tag-apples","tag-information","tag-nft","tag-policies","tag-squeeze","tag-startups","tag-store"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/ec059c40-24d7-4bc6-8bed-be29e1e139dc.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29915"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29915\/revisions"}],"predecessor-version":[{"id":29917,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29915\/revisions\/29917"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/29916"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29915"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}