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Apple has a history of asserting its power. That is what the tech giant did this week when it announced new, stringent guidelines for NFT transactions in theiOS App Store, marking the first time the company has taken any sort of substantial position on web3.

On the Thursday episode of Chain Reaction, we talked about the new rules and how they could make life harder for NFT exchanges.

The full episode can be heard below.

On this Thursday’s show, we also discussed:
  • Reddit’s surprisingly successful foray into the NFT space in light of new metrics the company shared on stage at Disrupt
  • The U.K.’s new prime minister, Rishi Sunak, and whether he’ll live up to the hype he’s received from the crypto community
BTW, we’re getting closer to our crypto event in Miami on November 17th! If you want to join us to hear from web3 leaders at firms such as OpenSea, FTX and Haun Ventures, you can use the promo code REACT for 15% off a General Admission ticket.If you can’t join us in person in Miami, you can use the promo code REACT to get 25% off an annual subscription to TechCrunch+ for web3 deep dives, exclusive interviews and analysis.Chain Reaction comes out every Tuesday and Thursday at 12:00 p.m. PT, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.Amazon suffered steep losses in year-over-year income as post-pandemic shopping habits and inflation threw the retailer for a loop. In its third quarter 2022 earnings report today, Amazon revealed ...Cruise, General Motors’ autonomous vehicle subsidiary, is now inviting potential passengers in Phoenix and Austin to join the waitlist to be among the first Cruise robotaxi passengers. The co...A day after weighing in with its third quarter earnings report, Meta is flailing. The company formerly known as Facebook was in trouble Thursday after uninspiring numbers and an apparent lack of fa...At this year’s TechCrunch Disrupt, three investors shared tips on how startup founders can fundraise outside of major tech hubs. Welcome back to Chain Reaction, TechCrunch’s weekly offering for the crypto curious. Cartridges and discs used to be how you got the latest games, but that’s been changing as downloads have become more convenient and reliable. But some people prefer the sure thing: a physical...A Google regulatory filing appears to have confirmed rumors in recent months that the European Union’s competition division is looking into how it operates its smartphone app store, the Play ...Snapchat has changed the way it pays creators through its Spotlight reward fund. Creators that use Snapchat’s TikTok clone, Spotlight, will now be paid millions per year, a source familiar with the...Uber is releasing a suite of new safety features geared toward the driver, including freezing fake rider account names and piloting a front-facing video recording tool to replace a driver’s d...Clubhouse CEO and co-founder Paul Davison came to TechCrunch Disrupt to talk about life after the hype and its most formidable competitor, Twitter. The social platforms that power the creator economy might seem like they’re starting to slip. YouTube’s quarterly ad revenue declined 1.9% year over year, per Google parent company Alph...The Tesla Cyberquad for Kids, a $1,900 mini ATV inspired by the yet-to-be produced Cybertruck, is being recalled due to safety concerns flagged by the Consumer Product Safety Commission. Radio Flye...Google has acquired Alter, an artificial intelligence (AI) avatar startup that helps creators and brands express their virtual identity, for about $100 million, a source familiar with the matter to...Meta is not changing course even after shedding more than half of its value from 2021 highs amid public calls from investors for a course correction. Telegram announced today that will it hold an auction for usernames — for both individual accounts and channels — through a marketplace built on top of the TON blockchain. In August, Telegram found...It’s hard to imagine anyone but advertisers being happy with Apple for putting more ads on the page in App Store listings, but the way they rolled it out was especially troubling. Ads for sha...Nearly five years ago, Amazon Web Services (AWS) launched Neptune, a service for running apps that need a graph database to store and query connected datasets. Now, to keep up with the serverless t...While Meta tries to convince users to attend virtual work meetings in its metaverse, ForeVR Games, a VR gaming startup with casual games like bowling, darts and cornhole, is a reminder that virtual...