Home » Epic’s Tim Sweeney Calls Apple’s New iPhone NFT Policy ‘Insanity’

Epic’s Tim Sweeney Calls Apple’s New iPhone NFT Policy ‘Insanity’

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It is no exaggeration to say that NFTs are currently of limited usefulness. However, Apple may have found a use for it. It’s about making more money for Apple. The iPhone maker has updated its developer terms to severely restrict how apps in its store can use his NFTs. The bottom line is that developers can’t use them unless Apple gets a cut of the sales. Some he knows that skimming 30% off the top can be a lucrative business if you’re used to ridiculous NFT pricing.

There are only a handful of blockchain-based games (sometimes called Web3 games) that utilize NFTs. NFTs are typically virtual items that can be used or worn in games, similar to Ubisoft. Packed “unique” guns and helmets into Ghost Recon: Breakpoint Earlier this year. Apple’s App Store policies are constantly adapting to ensure the company continues to make big money with mobile transactions. Latest update for iOS 16.

According to Apple’s new developer payment guidelines (Section 3.1), NFTs are allowed in iOS apps, but with some major caveats. The only way an app can offer NFTs for sale within an iOS app is via the in-app purchase system. Doing so would entitle Apple to his 30% cut, with some of his NFTs worth thousands of dollars. Also, if you think you can buy NFTs for Web3 games elsewhere, think again. Apple also says that while apps can let users browse existing NFTs, apps cannot use ownership of those items to “unlock features or functionality within the app.” increase.

Epic Games CEO Tim Sweeny jumped at the news, which he called “crazy.” This is no surprise, given that Epic continues to fight Apple over App Store pricing. According to Sweeny, Apple’s new policy amounts to “brazen exclusive rent-seeking.” Fortnite currently has no NFTs, but Epic Games has started listing the first web3 game. Perhaps with this being where Epic plans to go, Fortnite’s return to the App Store will be even harder.

Apple clearly sees NFTs as a threat to the App Store model, and there is little crypto enthusiasts can do about it. Epic has attempted to get courts to recognize the App Store as an illegal monopoly, with limited success. An appeal of the lawsuit is still pendingbut the only factor still being considered is whether Apple has to allow developers to link other payment methods, and all of Epic’s other complaints have been ditched. , there is no incentive to cancel the NFT.

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