Blockchain games can have a big impact by DailyCoin

Blockchain games can have a big impact by DailyCoin

© Reuters Apple sets new App Store rules: Blockchain games could have a big impact
  • Apple (NASDAQ: ) continues its trend toward locking down its ecosystem and centralizing GameFi and NFTs.
  • Developers can now implement crypto and NFTs into their GameFi projects, but there are severe limitations.
  • Any secondary NFT functionality must be disabled and all purchases must be made through the Apple Store, subject to a 30% fee.

Apple published a number of changes to the App Store’s review guidelines while shedding light and providing some insight into how apps offering cryptocurrencies and non-fungible tokens (NFTs) may work, based on the October 24, 2022 update report.

GameFi developers have finally gotten some information on how the App Store views crypto

Apple released App Store Review Guideline 3.11, which aims to show developers what they can and cannot do in the store when using crypto-related products or services.

Developers can now use in-app purchases to sell their NFTs and provide NFT services, such as coining, listing and transfer.

However, all sales and purchases are still subject to the Apple tax, which means Apple takes a 30% cut of each purchase. Earlier, DailyCoin covered the outrage after Apple imposed a 30% tax on NFT sales.

Games cannot use other purchase methods that redirect users to different websites or apps. Any premium NFT functionality in the game can only be unlocked through an in-app purchase, not while using the NFTs directly.

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This just means that anyone trying to compete with Apple regarding primary or secondary NFT purchases will be left out.

Apps or games that have blockchain technology cannot use their own mechanism to unlock content or functionality, the updated terms cited license keys, augmented reality markers, QR codes, cryptocurrencies and wallets. Apple needs to be able to control and track any purchase made and essentially take a cut of it.

However, collectors who want to show off their collections needn’t worry too much, as NFT collections can still be displayed and viewed by others. This assumes that they do not include buttons, external links, or any other type of call-to-action expression that may redirect customers to purchase mechanisms outside of in-app purchases.

Licensed exchanges can still facilitate crypto transfers, resulting in much more convenient sales of all listed GameFi-related tokens, provided they are only offered in countries and regions of the world where the app is properly licensed and permitted to provide the services.

Why you should care

  • Apple has gotten involved in crypto, with the goal of gaining a piece of an otherwise decentralized market and leveraging customer information because they can track purchases and transfers made in the store.
  • The guidelines go against the decentralized potential of cryptocurrencies and NFTs, as they enter a centralized platform controlled by a central authority and can be tracked and deleted at any time, resulting in censorship and banning of specific functions.

Why you should care

Apple’s App Store is one of the most popular virtual stores globally. Through the addition of GameFi projects and NFTs, more people than ever before will gain access to this part of the crypto space, while projects may also see a boost in popularity as a result of the update.

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However, a number of limitations are disadvantageous for NFTs and GameFi projects, as they are all subject to a 30% Apple tax and all payment-related functions and features are locked behind the App Store’s paywall, as they cannot be activated unless done directly in the store . Apple is centralizing NFTs and GameFi projects and putting a barrier for developers who were not present before in the decentralized space.

Discover the good side of crypto regulation:

Crypto industry more attractive to investors due to regulatory measures

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See the original on DailyCoin

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