‘Apple must be stopped’ as company Web2 launches 30% NFT tax: Epic Games CEO

Apple’s decision to stop NFT being bought and sold on the App Store hasn’t received the kind of reception you’d expect from Web3 advocates.

This is because the iPhone maker has decided to charge its standard 30% commission on NFT sales in the app, which industry leaders say is “grotesquely too expensive”.

For context, the leading NFT marketplace, OpenSea, charges a 2.5% commission on NFT sales.

Epic Games CEO Tim Sweeney criticized the tech giant, tweeting that the company is “killing all the NFT app businesses it can’t tax” by “crushing other nascent technology that could rival its grotesquely expensive in-app payment service.”

He then added: “Apple must be stopped.”

However, it’s worth noting that the App Store can count over a billion iPhone users to its reach. Even during the peak of the NFT hype earlier in the year, OpenSea saw just over a million monthly users.

A report in Informationwho first wrote about Apple’s NFT movement, noted that SolariumThe Magic Eden-based NFT marketplace opted to withdraw from the App Store after learning of the fee.

However, not all industry insiders have asked for Apple’s head. some have he pointed on Twitter that mobile gaming will especially benefit from the NFT sale, while others said the move will significantly increase Web3 adoption worldwide.

Epic Games and NFTs

Sweeney and Epic Games are no strangers to calling out Apple for what they see as unfair market practices. The maker of Fortnite lost a lawsuit that began in 2020 when he claimed that Apple violated antitrust laws with its 30% commission on App Store purchases.

However, Epic appealed, and US antitrust officials last week asked to join appeal arguments set for next month, saying they were concerned the earlier ruling had not interpreted antitrust law correctly.

Sweeney has also taken a moderate stance when it comes to merging traditional games and NFTs.

In July, amid NFT bans from Microsoft Mojang Studios Y Vaporthe CEO of Epic Games said who believes that “stores and operating system manufacturers should not interfere by imposing their views on others. Us [Epic Games] I definitely won’t.

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