- Apple won the case, but suffered a major blow
- The court allowed publishers in the App Store to offer alternative payment options
- This means that you can buy NFT for cryptocurrency and without the predatory 30% commission
This week the appeal hearing in the Epic Games vs Apple case ended.
The reason for the lawsuit was the company’s pricing policy in the App Store, which prohibited the publisher from conducting internal transactions through third-party platforms.
How does this apply to the crypto-asset market?”
It’s simple.. Apple has imposed no-strings-attached commissions on distributed content, including NFT on marketplaces, of up to 30%. We mentioned it here.</nbsp;
In addition, this decision effectively banned mutual settlement in cryptocurrency on the site. Want to buy NFT from the App Store client? Pay with fiat, and even with a fee.
Epic Games Discontent
In August 2020, the publisher filed a lawsuit against Apple. The studio insisted that the company add alternative methods of settlement or reduce fees.
According to Epic Games head Tim Sweeney, Apple won the appeal.
Although the court upheld the ruling that the company’s policy had a “significant anticompetitive effect,” the Fortnite developer’s claims were unsatisfied.
How does this affect NFT?
The court also upheld a previous ruling that iOS developers could offer alternative mutualization options.
That means apps from the App Store will be able to buy NFT on a third-party site, without a predatory commission.
This solution will also bring cryptocurrency turnover to the ecosystem. Because the publisher can now offer payment options for content or services in “crypto.”
The publisher can now offer payment options for content or services in “crypto.