‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales By Cointelegraph



‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales

Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple (NASDAQ:) to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases.

According to a Friday report from The Information, the smartphone company is now allowing NFTs to be bought and sold through apps listed on its marketplace but imposes its standard commission on in-app purchases of 30% — similar to that imposed by Android’s app store Google (NASDAQ:) Play.