Home » This Week In The Metaverse: Apple’s App Store Crypto & NFT Rules, Umbro Sprints Into Web3

This Week In The Metaverse: Apple’s App Store Crypto & NFT Rules, Umbro Sprints Into Web3

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Things are moving fast in the metaverse and throughout the wider world of web3. Here’s what you should know from last week.


Apple this week published rules governing how apps using the App Store can offer cryptocurrency services or NFT sales. / adobe stock

Apple clarifies App Store rules for cryptocurrencies and NFTs

In a set of updated rules published Monday, the tech giant firmly established that apps using the App Store can offer cryptographic services through sanctioned exchange platforms, but only if those platforms operate. only in jurisdictions that have the legal authority to do so.

The updated rules also mention that apps can only sell NFTs through in-app purchases. As a result, some apps that sell NFTs that run on Apple’s App Store are highly controversial over in-app purchases that the tech giant collects from developers who earn over $1 million a year through the App Store. subject to a 30% processing fee.

Top Investors Urge Meta to Cut Metaverse Spending

On October 24th, Brad Gerstner, Founder and CEO of Altimeter Capital, said: issued an open letter With investor confidence, he warned Meta that it had lost its way. The letter, entitled “Time to Get In Shape,” offers his three-point plan to help Meta get back on track, with a particular focus on cutting spending spent on Metaverse-related projects. was

Umbro enters web3 space with Jersey-themed NFT

Exercise equipment company Umbro has launched its first-ever web3 campaign by launching a series of NFTs. This is what the company describes as a “smart digital collectible.” Called the “Nations Collection by Umbro”, the series features designs modeled after football (soccer) jerseys from around the world. Umbro’s new NFT collection arrives just ahead of the 2022 FIFA World Cup, which starts in Qatar next month. Also, recently football club barcelona – We are launching our own web3 campaign.

L’Oreal and Meta Offer Support Programs to Web3 Startups

L’Oreal has partnered with Meta and SEC Paris (a business school in the French capital) to develop a program aimed at supporting start-ups working in the Web3 space. The program will reportedly be headquartered in Paris and will provide mentoring services and other resources to at least five startups working in Web3-related fields such as VR, AR and avatar development. Applications for this program will be accepted until November 20th. This is not L’Oreal’s first move to Web3.Just last week, beauty product giant Urban Decay brand Partnering with Paris Hilton for her new Halloween-themed Roblox activation.

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