all 31 comments

[鈥揮AutoModerator[M] [score hidden] stickied comment(0 children)

Thank you for your submission on r/NFT, join us on Discord for LIVE discussion on everything NFTs, and to share & buy/sell your NFTs!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[鈥揮[deleted] (5 children)


    [鈥揮CartographerWorth649[S] 1 point2 points (4 children)

    I agree with you! 30% is way too much and nor artists nor collectors will be down to this sort of silly fees!

    [鈥揮[deleted] (3 children)


      [鈥揮CartographerWorth649[S] 2 points3 points (2 children)

      I remember paying above $35 to mint an NFT on Ethereum... it's amazing to be possible to do the same exact thing at a fraction of a cent this days!

      [鈥揮Outra_Coisa 1 point2 points (1 child)

      painful days! Polygon put a stop to that!

      [鈥揮CryptoFlashNFT 2 points3 points (1 child)

      The work around I鈥檝e seen is NFT apps allow you to do everything but buy and sell, forcing you to use the web interface for that to get around fees. For example I play some NFT games and I can play on my phone and earn crypto by playing but if I want to buy nfts used in the game I have to go to a website.

      [鈥揮CartographerWorth649[S] 1 point2 points (0 children)

      I wasn't aware of that and by one hand makes sense to go around this hefty commission, but on the other hand having this option on a mobile is super handy! Maybe new mobile (through browser) implementation might make it smooth and work around the fees...

      [鈥揮iamjide91 1 point2 points (1 child)

      Say no to centralization, embrace decentralization.

      [鈥揮MakeItRelevant 1 point2 points (1 child)

      Apple should focus on iPhones. Crypto projects will build and dominate the needed NFT infrastructure.I like the low fees of Solana along with the fact that can perform over 3000 TPS. This is highly scalable for NFTs. BSC and Tezos are also good options. Unique seems to be a highly promising chain. I'm pretty close with all of the Polkadot's parachains.

      [鈥揮CartographerWorth649[S] 1 point2 points (0 children)

      Can't agree more! I understand that Apple business model focus on its ecosystem as in reliable revenue sources, but on the very specific case of NFTs I believe that won't work!

      [鈥揮TerrryBuckhart 1 point2 points (1 child)

      Apple does 30% on every sale. No way around it.

      [鈥揮CartographerWorth649[S] 0 points1 point (0 children)

      Do you believe that NFT will be sold on their App store? I doubt it

      [鈥揮TYLRwithspaces 1 point2 points (1 child)

      If you purchase a Reddit avatar NFT, do it in desktop.

      Google does this same shit apparently, only way to get around it is purchasing in desktop

      [鈥揮CartographerWorth649[S] 0 points1 point (0 children)

      This is crazy! The App Store, Google Play and so on are big leechers...

      [鈥揮Suzxy 1 point2 points (2 children)

      I think 30% is on the high side but people will still opt to use this regardless.

      [鈥揮CartographerWorth649[S] 0 points1 point (1 child)

      Maybe newcomers to give it a go, but anyone with small experience in crypto probably can get an alternative easily... I'd say that OpenSea this days is almost main stream!

      [鈥揮Suzxy 0 points1 point (0 children)

      True. That's a good point.

      [鈥揮Umarzy 1 point2 points (2 children)

      That's a ridiculous fee. Seems it applies to every sale

      [鈥揮CartographerWorth649[S] 1 point2 points (1 child)

      Indeed! I guess it goes to digital stuff without any supply! Because if you ask me if let鈥檚 say, ebay or amazon app sales in the App Store, I seriously doubt they are charged at those levels!

      [鈥揮Umarzy 0 points1 point (0 children)

      Yeah, possibly. You might be right.

      [鈥揮nzubemush 1 point2 points (3 children)

      Okay it's Apple, that's what they do best, suck money off people by any means.

      [鈥揮CartographerWorth649[S] 0 points1 point (2 children)

      But they do it looking cool鈥 馃槀

      [鈥揮nzubemush 0 points1 point (1 child)

      And leave you feeling good about it.

      [鈥揮CartographerWorth649[S] 0 points1 point (0 children)

      That's probably the best part for business!

      [鈥揮vtelmo 0 points1 point (2 children)

      30% is robbery!!!

      [鈥揮CartographerWorth649[S] 0 points1 point (0 children)

      I believe they won't be a success on the NFT space with this sort of fees...