Coinbase has killed a NFT function on its mobile wallet because Apple demanded a cut, even though the cryptocurrency platform wasn't getting a cut either.
Coinbase has killed a non-fungible token function on its mobile wallet because Apple demanded a cut, even though the cryptocurrency platform wasn't getting a cut either.The company nixed a "Send NFT" function in its Coinbase Wallet, because it costs money to send an NFT.it charges larger app makers — has claimed that "gas" fees required to send NFTs should be paid within the app, according to Coinbase.
"Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they can collect 30% of the gas fee," Coinbase Wallet posted inApple controls the most lucrative app marketplace in the world. Coinbase has, at times, been one of itsTo send an NFT costs the sender a little money.
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