Apple Inc has allowed non-fungible tokens (NFT) in applications but barred them from accessing in-app features and content, according to the new guidelines.
“Apps can use in-app purchases to sell and sell services related to non-fungible tokens (NFTs) such as minting, listing and transfer. Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app,” Apple said in a statement.
The company said that as long as the apps don’t direct users to external websites or other purchase options, aside from in-app sales, users can browse other users’ NFT collections.
It indicates that Apple’s 30 percent in-app trading fee will apply to NFT transactions, far higher than the 2.5 percent transaction fee imposed by NFT marketplace OpenSea.
According to Decrypt, since NFTs are often used as a key to unlock restricted or exclusive material, Apple’s restriction could make it more difficult to purchase and use NFTs.
HNWI, family offices to stimulate cryptocurrency use in Asia
A survey by professional services firm KPMG China and Hong Kong-based crypto-asset management platform Aspen Digital predicts that family offices and high-net-worth individuals (HNWIs) will spearhead the adoption of digital assets across Asia.
The survey of 30 family offices and HNWIs in Hong Kong and Singapore, conducted in the second quarter of 2022, found that 92 percent of respondents were interested in digital assets.
The reasons for their interest in digital assets included the upside potential of digital assets, low returns on traditional financial instruments and growing mainstream institutional interest.
Nokia anticipates Metaverse expansion
Nokia believes that the metaverse concept is likely to facilitate the end of the current mobile phone craze. Although there is still much to do with augmented reality technology, Nokia predicts consumer interest in such technology will grow and drive metaverse’s expansion.
Nishant Batra, head of strategy and technology at Nokia, said: “Our belief is that this device will be overtaken by a metaverse experience in the second half of the decade.”
Bitcoin.com reported that metaverse interactions rather than phones will be the main means of communication in the second half of the decade.
