3min chapter

Vaulted by PROOF cover image

100 PROOF: NFtstatistics Floor Strategy, Christie's On-Chain Auction House, And Apple's 30% Cut

Vaulted by PROOF

CHAPTER

You Can't Buy NFTs on OpenSea's App Store

The estate has already messed up a couple of times on executing signatures or on transactions that have actually been pretty lucrative for three arrows, just because there's like the savviness isn't there. Apple deciding to take, you can sell NFTs, but if you do so, you're subject to a 30% Apple commission. I think this does get used. In a world where the mint prices fall, meaning the cost of something is, you know, let's just say it's sub $1. But don't you think there's a world where you're buying digital goods that are then NFTs on the app store? It's a really interesting conversation.

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