Home » Apple app store fee, NFT changes follow legislative inaction

Apple app store fee, NFT changes follow legislative inaction

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Oh, to be a fly on Senator Richard Blumenthal’s shoulder today.

Connecticut Democrat and advocate for laws targeting app store monopoly The Latest Changes to the Cash Cow App Store— An update that puts more pressure on developers and puts a needle in the tech innovator’s eye.

Apple issued several new policies late Monday, but the two new regulations mark Apple’s bold attempt to hard-arm developers.

One of the new guidelines stipulates that developers cannot use non-fungible tokens, cryptocurrencies, and other Web3 tools as a “purchase mechanism” to circumvent Apple’s in-app sales feature. Apple takes 15% to 30% of all in-app purchases made on its operating system, generating tens of billions of dollars annually at ridiculously high profit margins (Apple’s total official in-app revenue not reported). Gaming app developers, which generate most of Apple’s in-app revenue, are particularly interested in using NFTs to unlock new features and levels within their titles.

The second guideline states that Apple is currently entitled to a 15% to 30% reduction in ads purchased within social media apps that display ads. for example, Facebook Instagram’s parent, Meta, must pay Apple tax every time a business owner or influencer uses these two apps to buy or “boost” ads that are displayed to users. The financial impact of this change is not immediately known. Third-party apps that help businesses manage ad buying on social media platforms are not subject to the new regulation.

Perhaps unintentionally on Apple’s part, the new regulations shovel salt into Blumenthal’s wounds. Blumenthal’s bill aimed to democratize app stores failed to cross the finish line Ahead of the August recess of Congress.

Today, virtually all smartphones and almost all tablets use Apple’s iOS or Google’s Android operating systems.with apple Google It also controls the only app store within those operating systems. As a result, developers must route their apps through Apple’s and Google’s app stores and pay fees set by two gatekeepers.

Blumenthal’s proposed law, the Open App Markets Act, would partially force Apple and Google to publish their operating systems to third-party app stores.

Alphabet, the parent company of Apple and Google, claims that its current system serves consumers well and ensures a safe digital ecosystem, but technology innovators say the two companies are not the app stores. We believe that we are involved in exclusive behavior through our rules. More options for iOS and Android could entice developers and consumers to lower-fee app stores (and Apple and Google may cut fees to stay competitive). .

The Open App Markets app passed the Senate Judiciary Committee. gain bipartisan support Although it passed 20 to 2, the bill never reached the Senate floor.proposed by legislators and advocates Multiple Reasons for Stalled Momentum: Aggressive lobbying by Big Tech, failure to collect 60 votes for passage in the Senate, and other imminent crushing of bills.

Supporters of the bill hope lawmakers will reconsider the bill during lame duck sessions after the midterm elections.

The timing of Apple’s aggressive move, with legislation simmering on the backburner of Congress, suggests the tech giant will only become more greedy with its app store ambitions. there isCEO of Epic Games fortnite Developer Tim Sweeney, who is suing Apple over App Store rules and fees, similarly warned Tuesday.

“With antitrust lawsuits and significantly increased scrutiny by legislative and regulatory bodies, Apple’s bold focus on pursuing exclusive rents is absolutely shocking,” said Sweeney. says Mr. tweeted on tuesday.

Sweeney may find it shocking, but until Congress takes action, Apple’s growing influence over the app ecosystem won’t surprise anyone.

I want to send my thoughts and suggestions data sheet? please contact me here.

Jacob Carpenter

newsworthy

Double trouble for China. federal authorities Pricing announced on Monday Against two Chinese intelligence officers accused of obstructing a criminal investigation into a telecommunications giant Huawei Technologies, washington post report. FBI Director Christopher Ray The two indicted individuals said, unbeknownst to them, they offered a bribe to a person who worked as a double agent for the United States to provide information about a federal investigation into Huawei. obstruct justice.

London wants to slow down. UK financial regulators First survey of consumer finance ventures In late years I was launched by an American high-tech giant, financial times Reported on Monday. The probe is appleGoogle, and meta, among other things, could use their power to kick out smaller retail finance companies that specialize in payments and lending. The preliminary review does not include specific policy recommendations or regulatory changes.

Easily kill messengers. whats up got off about 2 hours Several countries experienced a rare outage of the popular messaging app early Tuesday morning, TechCrunch reported.of metaThe tool owned by was offline from about 3:00 AM to 5:00 AM ET, but it was not immediately clear how many users were affected. A meta official confirmed that they had fixed the issue, but didn’t elaborate on what caused it.

Strike out again. The Amazon Labor Union canceled the election The Verge reported on Monday that a southern California warehouse dealt another blow to organizers hoping to organize more of the tech giant’s employees. ALU officials did not elaborate on why they withdrew the union’s petition in records filed with federal regulators, and organizers have not commented on the latest move. The ALU won a surprise unionization win at a warehouse in Staten Island, New York this spring, but has since lost two elections and has struggled to gather momentum in other elections. Amazon Facility.

food for thought

Keep crypto long. Many reporters have tried to write an official book on cryptography, but none is Bloomberg’s Matt Levine.latest issue of Bloomberg Businessweek Featuring over 40,000 words on all things cryptocurrency from the current champs of financial journalism. His combination of savvy insights, ironic prose, and easy-to-understand commentary makes him particularly well-suited to explain the blockchain phenomenon. This paper traces the origins and intentions of cryptocurrencies for blockchain novices and frames them within the larger themes of trust and community for long-time believers.

from paper:

Either way, I have no strong feelings about the value of crypto. i like finance I think it’s interesting. And if you like finance, if you like understanding the structures people build to organize economic reality, cryptography is amazing. It’s a laboratory of financial intuition. For the past 14 years, cryptocurrencies have built the entire financial system from the ground up. Cryptocurrencies have constantly reinvented or rediscovered what finance has been doing for centuries. Sometimes we find new and better ways to do things.

In many cases, it has broken through the dead ends that conventional finance attempted decades ago to find worse ways, with hilarious results.

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Dirty shrimp farms are creating a huge hole in the environment. AI can halve itMatt Whitaker

before going

But other than that, Mr. Lucky? Another big name in the tech world joined the anti-metaverse heap on Monday. Oculus founder Palmer Luckey sold his virtual reality company to Meta for his $2 billion in 2014. provided a candid and bearish assessment Monday in Horizon Worlds, Mark Zuckerberg’s prized metaverse platform.speak in wall street journal‘s Tech Live conference, Luckey said Horizon Worlds is “not good,” “not fun,” and “not a good product.” Woof. But it wasn’t all doom and gloom for Zuckerberg. Luckey said the Metaverse “has the potential to be amazing in the future” and that Meta is “in a position to beat everyone in the long run”. Metaverse skeptics can try out Horizon Worlds on the company’s latest virtual reality headset, the Meta Quest Pro. Released on Tuesday (Price tag: a cool $1,500).

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