Apple's new policy may allow NFT markets to sell NFTs through Apple Pay
Chain Catcher news, tech giant Apple Inc. is about to reach an agreement allowing Web3 startups to sell NFTs through its App Store. According to the new policy, NFT markets such as OpenSea, LooksRare, and Magic Eden can sell hosted digital collectibles via the Apple Pay gateway.
It is reported that Apple charges up to a 30% commission on all NFT transactions made through iOS apps, but since Apple currently does not handle any cryptocurrency transactions, purchases on the App Store must be made in USD. The difficulty in converting to USD ultimately drives NFT traders away from the Apple ecosystem, as the high fees make it nearly impossible for NFT projects to be profitable. (Source link)
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