As part of its new guidelines for the
Users can now sell and trade NFTs through a number of apps available on the
Developers can now sell NFTs with
While it is one of the largest technology companies in the world, the
Challenges With The Secondary Market
Secondary NFT sales are also problematic.
“In this case, if a collector wants to buy an NFT through the Magic Eden or OpenSea app on an iPhone, the seller will only receive 70% of the purchase price,” Blockwork explained. “And the marketplace is unlikely to be interested in making up the difference.”
While a court decision last year required that
Few Blockchains Can Scale To Meet
But not all Web3 companies have balked at
This news has been interpreted as exploitation of an emerging industry as well as the green light for Web3 applications to branch out from being the sole province of Android. The truth is that it is both. While this may not be the most significant development in the crypto space, it does show that
This new allowance for NFTs represents a significant step toward decentralizing digital data for a company that has long been obsessed with protecting its bottom line. It also demonstrates that
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