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NFT NEWS

Apple has banned the use of NFT to access new content and features in applications

Guptix John
Last updated: 25/10/2022 6:43 pm
Guptix John
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Apple has banned the use of NFT
Photo by Keming Tan on Unsplash
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The technology company Apple has published new rules for placing applications in the App Store, in which it clarified its attitude towards non-fungible tokens (NFTs). The company said that NFTs may be part of certain applications in the store, however, the purchase of collectibles should not give users access to new features or content.

“Apps can use in-app purchases to sell services related to non-fungible tokens, such as issuing, listing, and transferring NFTs. Apps may also allow users to view NFTs, however, their ownership must not unlock any new features of the app,” the rules state. Also, developers of applications with NFT are prohibited from embedding links to third-party platforms that would allow them to circumvent the new rules.

Violation of the rules may result in the app being removed from the App Store or the developer being banned. In addition, Apple has updated the policy regarding applications for the exchange and sale of digital currencies.

Now such applications are allowed to provide services, provided that the countries or regions in which they are available have issued a license to the developers for their activities. The company previously allowed in-app selling of NFTs on its devices, but said it would charge a 30% fee.

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