In a chain of tweets made yesterday by Coinbase Global (NASDAQ:COIN), the cryptocurrency exchange platform revealed that its iOS wallet app users will be unable to send non-fungible tokens (NFTs) going forward. Apple (NASDAQ:AAPL) demands 30% of the gas fees from any NFT transactions done on the iOS app. Coinbase stated that it is “clearly not possible” to fulfill Apple’s demand because the latter's in-app purchase system does not support cryptos. Also, Coinbase is of the opinion that Apple’s new policies seek to safeguard profits at the cost of consumer investment in NFTs.
