🎮 Apple Clarifies its Stance on NFTsby@tanyog
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🎮 Apple Clarifies its Stance on NFTs

by The GOctober 25th, 2022
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This is Crypto Player One, the daily newsletter on crypto gaming, and the metaverse - **that's as informative as Neil deGrasse Tyson and as entertaining as Kevin Hart**Here's what I’ve got for you today:**Apple Clarifies Its Stance on NFTs. The company has published an update to its App Store Review Guidelines on the use of non-fungible tokens. NFT trading has to be done on the App Store, but users can't buy them with in-app purchases.

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GM. This is Crypto Player One, the daily newsletter on crypto gaming, NFTs, and the metaverse - that's as informative as Neil deGrasse Tyson and as entertaining as Kevin Hart.

Here's what I’ve got for you today:

  • Daily Trivia.

  • Apple clarifies its stance on NFTs.

  • In Other News.

  • Meme of the Day.

Daily Trivia

Which video game franchise is Blizzard Entertainment most well known for?

Scroll down to find out the answer.

Apple Clarifies Its Stance on NFTs

Source: Unsplash

Apple continues with its NFT assault.

A few weeks back, I talked about how Apple wants all NFTs to be sold via in-app purchases, so the company will get 30% of each transaction.

Epic Games CEO, Tim Sweeney, responded to that announcement by saying:

“Now Apple is killing all NFT app businesses it can’t tax, crushing another nascent technology that could rival its grotesquely overpriced in-app payment service. Apple must be stopped.”

Now, Apple has published an update to their App Store Review Guidelines.

Not only did they mention the word "NFT," they dedicated an entire section to it.

The App Store Review Guidelines explain to developers what they can and can't publish on the App Store.

If an app violates these guidelines, Apple will reject it or remove it from the App Store.

Here's what they've said about 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.”

So what does this mean?

Three things:

  1. NFTs Can't Unlock Any Additional Features.

They can be a part of the apps within the App Store, though. And users can view their NFTs on different marketplaces and crypto wallets.

  1. Users Can't Buy NFTs With Crypto.

Wondering how that would work.

  1. NFT Trading Has to be Done on the App Store.

Because devs "can't add external links and calls to action to purchasing mechanisms other than in-app purchase."

My take:

Damn, Apple once again is going after NFTs.

One of the main use cases of non-fungible tokens is that when you buy one, you access extra features or content.

Two of the most successful NFT collections, Moonbirds, and Bored Ape Yacht Club, give users access to various closed channels, communities, and merch.

So now, holders have to use a computer to access all of these perks.

But on the positive side, I ain't that worried that Apple wants all NFT trading to be done on the App Store.

There's a potential workaround for this issue.

Apps like Spotify and Audible send their users to their sites if they want to purchase a payment plan to avoid the 30% in-app purchase "Apple Tax."

I can see the same thing playing out here.

So it's not all bad.

In Other News

A pro-crypto and NFT politician is the new leader of the Conservative party in the UK.

The OpenSea NFT insider trading case will continue.

The Co-Founder of Animoca Brands, Yat Siu, says that user count isn't the right metric to asses player engagement.

Meme of the Day


World of Warcraft (WoW.)

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None of this is financial advice. The goal of this newsletter is to educate and make you laugh (sometimes.) I don't give investment advice nor make any inclinations to buy or sell any assets or to make any financial decisions. Always do your own research.