Apple tightens its rules on crypto and NFTs in its App Store

▤ Summary

Apple clarified its rules on cryptocurrencies and non-fungible tokens (NFTs) laying out what apps are allowed to do with these technologies. Apple has clarified the rules on NFTs, which can be a digital representation of a real-life asset such as artwork and are usually purchased using cryptocurrency. Users often buy NFTs as a way to access exclusive parts of a service or even as a sort of membership card for an app. Apples 30% cut has long been criticized by app makers who accuse the technology giant of running a monopoly over in-app purchases. Cryptocurrencies have had a volatile and rough year, with the whole market losing around $2 trillion since its peak in November.

▦ Linked Companies

Apple Inc.

$1B+