The tech giant has reportedly allowed the sale and purchase of the Non-fungible tokens through apps listed on its App Store, despite its commission rate being described as “grotesquely overpriced”, compared to the standard NFT marketplace commission of around 2.5%. The 30% cut on NFT sales is Apple’s current standard commission on in-app purchases. Some NFT application developers are dissatisfied with Apple’s decision. Magic Eden, one of the popular Solana NFT markets, has reportedly withdrawn its service from Apple’s marketplace. Other NFT marketplaces have also reportedly restricted the functionality in response to the high commission.
https://cointelegraph.com
