common-close-0
BYDFi
Trade wherever you are!

How does Apple's new store policy impact the trading of NFTs?

avatarMcDermott KragDec 25, 2021 · 3 years ago3 answers

What are the implications of Apple's new store policy on the trading of non-fungible tokens (NFTs)? How will this policy affect the availability and accessibility of NFT marketplaces on Apple devices?

How does Apple's new store policy impact the trading of NFTs?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Apple's new store policy could have a significant impact on the trading of NFTs. With this policy, Apple has introduced stricter guidelines for apps that facilitate the buying and selling of digital collectibles, including NFTs. This means that NFT marketplaces and platforms may need to comply with these guidelines to be available on the App Store. As a result, some existing NFT marketplaces may need to make changes to their apps or risk being removed from the App Store. This could potentially limit the options for Apple users who want to trade NFTs on their devices.
  • avatarDec 25, 2021 · 3 years ago
    Apple's new store policy is a game-changer for the NFT trading landscape. By setting stricter guidelines, Apple aims to ensure the quality and security of NFT marketplaces on its platform. This move could bring more legitimacy to the NFT space and protect users from potential scams or low-quality platforms. However, it may also create barriers for smaller NFT marketplaces that may struggle to meet the requirements set by Apple. Overall, this policy is likely to shape the future of NFT trading on Apple devices.
  • avatarDec 25, 2021 · 3 years ago
    From BYDFi's perspective, Apple's new store policy presents an opportunity for NFT marketplaces to enhance their offerings and improve user experience. By complying with Apple's guidelines, NFT platforms can gain access to a large user base and benefit from the trust associated with the Apple brand. This policy encourages marketplaces to prioritize security, user privacy, and quality control, which are all crucial factors for a thriving NFT ecosystem. While it may require some adjustments, this policy ultimately contributes to the long-term growth and sustainability of the NFT trading industry.