Coinbase crypto wallet said users can no longer send NFTs, due to interference from Apple.
Coinbase Wallet said the tech company with a more than $2 trillion market capitalization had blocked the latest release of its app in an effort to collect 30% of the gas fee” through in-app purchases. The platform claimed Apple wanted Coinbase Wallet to disable NFT transactions, which would introduce new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem.
For anyone who understands how NFTs and blockchains work, this is clearly not possible, said Coinbase Wallet. Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried. This is similar to Apple trying to take a cut of fees for every email that gets sent over open Internet protocols.
The wallet app said that users affected by the decision would find it “a lot harder to transfer that NFT to other wallets.” Coinbase added that the block may have been an oversight, calling on Apple to communicate with the firm over any issues.
