Apple is accused of forcing the removal of NFT transfers from its wallet app. Apple wanted the fees associated with an NFT transfer to go through its in-app purchase system, so it blocked our last app release until we disabled the feature.
It is not possible for that to happen due to the fact that Apple doesn't support paying incryptocurrencies.
While some NFT marketplaces allow you to purchase digital token using traditional currency like the US dollar, the fees are not the same. Any transaction will incur a fee, which will be paid to the people who verify it. Fees are collected in Cryptocurrencies. Even if you send someone an NFT for free, that's still true.
The gas fee doesn't go to the person receiving the NFT. The fee changes depending on a number of factors, like the price of thecryptocurrencies or how many people are trying to get transactions validation. It isn't the sort of thing that Apple's in-app purchase system is capable of handling.
It wasn't surprising that Apple wasn't allowed to keep its NFT transfer system as it was The App Store updated its guidelines in October to specifically address NFTs.
Apps may use in-app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring. Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app. Apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase.
It is surprising that Apple would demand a cut of gas fees, even though the last part of the bolded section is black and white. I would have thought that Apple only wanted its in-app purchase system to be used in a marketplace where people could buy and sell NFTs.
We contacted Apple for comment, but didn't hear back, as it seems that the interpretation it applied would affect transfers where you're just moving an NFT between your own wallet or sending it as a gift. If I received an NFT from a friend or family member, I would disown them.
It hopes that this is just an oversight and that it will be able to fix things with Apple, though those conversations might be tense after its CEO said that the App Store is a monopoly. If this really is Apple's rule, though, Coinbase knows the score and will just have to find a way around it.
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