{"id":2367,"date":"2022-12-20T08:11:37","date_gmt":"2022-12-20T08:11:37","guid":{"rendered":"https:\/\/nftmetta.com\/?p=2367"},"modified":"2022-12-20T08:11:38","modified_gmt":"2022-12-20T08:11:38","slug":"apple-to-allow-third-party-app-stores-in-a-windfall-for-nfts-and-crypto","status":"publish","type":"post","link":"https:\/\/nftmetta.com\/apple-to-allow-third-party-app-stores-in-a-windfall-for-nfts-and-crypto\/","title":{"rendered":"Apple to allow third-party app stores in a windfall for NFTs and crypto"},"content":{"rendered":"\n

December 20, 2022<\/p>\n\n\n\n

By Anjali Kochhar<\/p>\n\n\n\n

Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union (EU).<\/p>\n\n\n\n

Under the new rules, European customers would be able to download alternative app marketplaces outside of Apple\u2019s proprietary App Store, thus allowing them to download apps that skirt Apple\u2019s 30% commissions and app restrictions according to a Bloomberg report<\/a> citing those familiar with the matter.<\/p>\n\n\n\n

At present, Apple has stringent rules<\/a> for NFT apps that practically force users to go through in-app purchases subject to Apple\u2019s 30% commission<\/a>, while apps are not permitted to support cryptocurrency payments.<\/p>\n\n\n\n

Apple\u2019s enforcement of its rule led to a block<\/a> of Coinbase\u2019s self-custody wallet app update on Dec. 1 as Apple wanted to \u201ccollect 30% of the gas fee\u201d through in-app purchases, something that is \u201cclearly not possible\u201d according to Coinbase.<\/p>\n\n\n\n

It then claimed Apple wanted the wallet to disable NFT transactions if they couldn\u2019t be done through its in-app purchase system.<\/p>\n\n\n\n

Apple\u2019s move to open its ecosystem is in response to the EU\u2019s Digital Markets Act aiming<\/a> to regulate so-called \u201cgatekeepers\u201d and ensure platforms behave fairly with part of the measures allowing \u201cthird parties to inter-operate with the gatekeeper\u2019s own services.\u201d<\/p>\n\n\n\n

It will be applicable starting May 2023 with businesses needing to fully comply by 2024.<\/p>\n\n\n\n

The changes to Apple\u2019s closed ecosystem would apply only within the EU, other regions would need to pass similar laws such as the proposed<\/a> Open App Markets Act in the United States Congress from Senators Marsha Blackburn and Richard Blumenthal.<\/p>\n\n\n\n

About the author<\/strong><\/strong><\/p>\n\n\n\n

Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.<\/p>\n","protected":false},"excerpt":{"rendered":"

December 20, 2022 By Anjali Kochhar Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union […]<\/p>\n","protected":false},"author":1,"featured_media":2372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2367"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=2367"}],"version-history":[{"count":1,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2367\/revisions"}],"predecessor-version":[{"id":2373,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2367\/revisions\/2373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/2372"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=2367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=2367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=2367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}