, “Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app.” Join the community where you can transform the future.
Cointelegraph Innovation Circle brings blockchain technology leaders together to connect, collaborate and publish.As a result, any NFT purchases through the App Store, would see a 30% fee deduction, and on top of this, any NFTs that were not integrated or purchased in-app would also not be eligible to unlock additional incentives or in-app features either.
Moreover, the rise of decentralized app stores such as OpenSea and PancakeSwap has given Web3 developers new avenues to reach users. These app stores operate on blockchain technology, which allows for a more decentralized and transparent approach to app distribution. While the restrictions may make it difficult for Web3 apps to grow, the resilience and innovation of Web3 developers means that they will find ways to overcome these challenges and this is shown by the examples above. Web3 developers could also seek to partner with emerging companies and technologies to reduce these restrictions, while also benefitting and providing a longer-term solution that adds value, especially with integrations as seen with app stores, unfortunately.
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