Will Apple's 30% commission on NFT sales be detrimental?
With the bears taking over the crypto market, NFTs and other crypto-related products took a backseat. This came as a shock to many considering the fervor around the NFT business. Several in the community, shunned discussions about how NFTs were the future following the plummet in its sales. Non-fungible tokens were a mere fad in the eyes of many. However, prominent platforms continued to see potential in the market. Apple’s latest move noted how the ardor around NFTs hadn’t subsided. Tech giant Apple was clearly one among them. Just last week, the firm announced that it would allow the purchase of NFTs through apps that were found on its marketplace. While this got the community elevated, the information that followed suit in the announcement came as a disappointment to many. Apple’s latest NFT initiative came with a 30 percent commission on NFTs sold through the apps listed on its marketplace. This exorbitant number garnered immense hate considering the standard N...