Apple’s Shift: What It Means for Developers
In a bold twist that could ignite the app development landscape, Apple is preparing to allow third-party app stores on its devices in the European Union. This decision is largely a response to the EU’s Digital Markets Act, aimed at dismantling monopolistic practices. For developers in the cryptosphere and NFT market, this could be a significantly liberating development.
The 30% Commission Conundrum
As it stands, Apple’s tight grip on its App Store has forced many developers to face the dreaded 30% commission on in-app purchases. This often leads to a love-hate relationship with the tech giant, especially for NFT apps, which have been tethered to this limitation. Users currently have to navigate around Apple’s rigorous policies just to engage with the cryptocurrency world.
Understanding the Impetus: The EU’s Digital Markets Act
The Digital Markets Act is set to shake things up starting May 2023, mandating that major platforms like Apple welcome competition from alternative app marketplaces. This could finally pave the way for crypto enthusiasts, who are tired of playing telephone with Apple’s perplexing policies. As the Act fully rolls out by 2024, Apple will need to chart a careful course to comply.
A Glimpse into a “Crypto App Store”?
Imagine a world where developers can finally escape the clutches of Apple’s commission structure. Alex Salnikov, co-founder of Rarible, has hinted at the exciting prospect of a “crypto app store,” presenting a brilliant opportunity for a startup venture. The promise of alternative payment systems could also encourage more innovative app designs, which could revolutionize how we think about digital transactions.
The Future: Safety First
While these changes might feel like entering the wild west of app development, Apple is considering implementing security protocols for software sold outside its store. It’s a nod to ensuring users are shielded from unsafe apps, which is both a wise and necessary move. Regardless of how things pan out in Europe, other regions may soon follow suit with similar regulations, tossing the proverbial cat among the pigeons in the tech industry.
