When a non-fungible token or mormon homo eroticismNFT is sold on the aftermarket, there are a few different parties that make money. The seller of the NFT gets paid, the original creator of the NFT piece receives a royalty, and the NFT platform charges a transaction fee.
Now, there's one more party that would like to get paid on these NFT trades: Apple.
According to Coinbase, the largest crypto exchange in the U.S., NFTs currently cannotbe traded in the Coinbase Wallet app. The company says Apple is currently blocking the latest release of the app. Why? Because Apple wants Coinbase to either remove the feature or implement the transactions as part of Apple's in-app purchase system. That way, Apple gets paid its 30 percent cut from each transaction.
This Tweet is currently unavailable. It might be loading or has been removed.
"Customers cannot currently send NFTs on Coinbase Wallet iOS because Apple blocked our last app release, asserting that the network fees required to transfer NFTs between wallets need to be paid through their In-App Purchase system," said a Coinbase spokesperson in a statement provided to Mashable. "Anyone who understands how NFTs and blockchains work, knows this is not possible. Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried and we’ve submitted an application for Apple to change these guidelines."
Basically, when a user takes part in an NFT transaction, they need to pay what is known as a "gas fee." Gas fees are basically blockchain transaction fees, and the amount depends on how busy the specific network is at the time. The busier the network, the higher the fee. The fee is paid to those who validate the blocks on the blockchain. Since those gas fees don't go to Coinbase, Apple's 30 percent wouldn't come out of Coinbase's cut. This would likely end up requiring users who are paying gas fees through an app purchased in the App Store to pay more for in-app NFT transactions than they would outside the App Store ecosystem.
According to Apple, the company just recently updated its policies surrounding NFT transactions, which is why Coinbase's most recent release was the first to be blocked. Even though it appears Coinbase is the first major crypto platform to go public with the issue, Apple says that this rule will apply to all developers.
Apple pointed Mashable to the specific rulein its App Store Review Guidelines which now reads:
"If you want to unlock features or functionality within your app, (by way of example: subscriptions, in-game currencies, game levels, access to premium content, or unlocking a full version), you must use in-app purchase. Apps may not use their own mechanisms to unlock content or functionality, such as license keys…cryptocurrencies and cryptocurrency wallets, etc. Apps and their metadata may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase."
Apple stated that it will work with developers affected by this update as the NFT space is fairly new.
The 30 percent commission that Apple charges developers for all App Store purchases has caused issues before. Fortnite developer Epic Games has feudedwith Apple over the 30 percent cut, which resulted in the game being removed by Apple from the App Store. Most recently, Elon Musk complainedthat Twitter had to pay 30 percent of the $8 Twitter blue subscription to Apple.
Coinbase, for its part, is striking a diplomatic tone. "We hope this was an oversight and we look forward to working with Apple to find a solution that benefits Apple and Coinbase customers," its statement says.
Topics Apple Apps & Software Cryptocurrency
Grim video of a starving polar bear could show the species' future
'Wordle' today: Here's the answer, hints for April 3
Samsung's new TV boxes can be converted into cat houses
Samsung's new TV boxes can be converted into cat houses
Best robot vacuum deal: Get the Roborock Q5 Max for 53% off at Amazon
Bask in the glory of this enormous dog getting a bath
Blue Ivy's PSA video has the internet praising the budding scientist
Apple's Weather app not working. What we know.
NYT Connections Sports Edition hints and answers for March 4: Tips to solve Connections #162
For April Fools Day Ari Aster surprised viewers with 'Beau Is Afraid'
Amazon Prime Grubhub deal: Save $10 off orders of $20 or more
Stop comparing coronavirus to other deadly viruses
'Rye Lane' takes cues from an unlikely source: 'Peep Show'
Bask in the glory of this enormous dog getting a bath
Best Beats deal: Save $50 on Studio Buds at Best Buy
'Quordle' today: See each 'Quordle' answer and hints for April 2
Pornhub parody Scrubhub features videos about washing your dirty, dirty hands
John Krasinski's virtual high school prom was truly a night to remember
Best Sony deal: Save $100 on WH
'Doctor Who' adds the incredible Jinkx Monsoon to the cast
MakerBot unveils first new 3D printers since 20148 more SkittlesA Kennedy says a Bush is voting for a Clinton on FacebookGabriel Conte, Arden Rose and Jeremy Shada star in 'Mr. Student Body President'Nothing to see here, just a tiger strolling along an Australian beachSanDisk announces world's first enormous 1TB memory cardChinese hackers take over moving Tesla from 12 miles awayDavid Letterman is coming back to TV as a bearded environmentalistEggo waffles were recalled and someone needs to tell the kids from 'Stranger Things'This activist has kept greedy oil companies off Indigenous land for 25 years9 times Brangelina were the actual bestHow an affair and ill health shaped the greatest president in the last 100 yearsRunning mom pumps breast milk during a halfArtist auctions dead cat handbag after lowering starting price to $14 ways to save without your savings accountHow an affair and ill health shaped the greatest president in the last 100 years9 times Brangelina were the actual bestHorrifying bejeweled crocs hit the runway at London Fashion Week9 times Brangelina were the actual bestYour Tinder match can now judge you by your most Update your DJI Spark drone by September 1 or say goodbye Leaked video shows alleged iPhone 8 with rear Breitbart created a Steve Bannon fidget spinner for the adult baby in your life Mermaid school is a real thing and they take it very seriously This 'Game of Thrones' theory is all about control of the ice dragon This platform lets you invest in companies—and make money as soon as they do The tiny, awesome detail you probably missed in the last 'Game of Thrones' episode Banks are more worried about Amazon and Facebook than actual fintech startups 'Game of Thrones': Who won't die in the Season 7 finale? Hillary Clinton calls Donald Trump 'a creep' in election memoir 6 reasons why iPhone owners might want to switch to the Galaxy Note 8 Google will launch a smaller, cheaper Google Home, report says White Walker rules: Game of Thrones just explained how the wights work Why does 'The Defenders' feel so perfunctory? Of course Oreo is making special Android Over 22,000 people sign petition to replace Confederate statute with a monument to Missy Elliott Facebook's live sports ambitions add college football Using avocado in your mac and cheese is a sure way to make the internet angry WhatsApp adds colorful text Trump rejects bigotry in the military, but also banned trans troops
1.01s , 8286.1484375 kb
Copyright © 2025 Powered by 【mormon homo eroticism】,Feast Information Network