NFT Review 87 - Apple's Loss, NFT's Gain

Nike unveils digital sneaker, OpenSea insider trading trial, Yuga Labs wins lawsuit, and more.

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May 1, 2023

NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Dear NFT enthusiast,

This week, we delve into a California court ruling that may have significant implications for the NFT space on iOS devices. As you know, Apple has long maintained control over in-app payments, including a 30% commission. This has presented challenges for NFT and crypto projects seeking to expand their functionality on iOS apps.

The court determined that Apple's anti-steering provision, which restricts app developers from using alternative in-app payment methods, violated state competition laws. This decision could potentially enable NFT and cryptocurrency projects to enhance their iOS apps' functionality, as they would no longer be subject to Apple's 30% commission on in-app purchases. The ruling may lead to increased competition in the app market, providing developers with opportunities to explore new revenue streams and business models.

However, it's important to note that Apple may choose to appeal the ruling, prolonging the legal battle and potentially delaying the decision's impact on the crypto and NFT markets. If the ruling stands, though, it would set a precedent for future cases involving app store policies and competition law, which could ultimately benefit both creators and users of crypto and NFT apps.

Read the rest of this week’s news below. Thank you for reading and have a great week.

— NFT Review

📬 NFT News from Kusama & Polkadot

Mythical, the 4th largest blockchain by monthly digital asset sales, is leaving Ethereum to launch its new Mythos ecosystem on Polkadot.
Mandala Metaverse to drop on Polkadot’s Astar parachain.
RMRK hosted a Twitter Space with JRPG game Veil of Time and posted a thread on Multi-Asset NFTs.
Evrloot (RPG built with RMRK) posted a thread with new updates to its game.
Enjin announced a collaboration with Aster Guardians for the Global Nursing Awards.
Snake Soldiers (game built with RMRK) launched its public mint.

🗞 NFT News from Ethereum and Beyond

Neobank introduces soulbound NFTs for wallet holders’ KYC information.
The Sandbox partners with Ledger Enterprise to secure metaverse businesses.
Romania plugs into Web3 with national NFT marketplace.
Sotheby’s will auction off part of 3AC’s digital art collection.
NFT.NYC: Games and tokenization are driving NFT industry maturation.
Data: NFT markets are out of balance, with sellers dominating.
OpenSea ‘insider trading’ trial kicked off in New York district court.
Square Enix partners with Elixir Games on Web3 gaming platform.
DJs Steve aoki, 3LAU reveal first single as ‘Punx’ NFT duo.
Fine art photographers join forces to launch NFTs to battle climate change.
Mad Lads tricked bots into spending $250K on fake NFTs.
Yuga Labs claims ‘landmark legal victory’ over copycat NFTs.
Zora is launching a magazine.
Solana Monkey Business IP acquired by DAO of NFT holders.
Nike unveils first .swoosh NFT digital sneaker drop.
Jack Butcher announced new metadata evolution plans for the Opepens project.
Moonbirds announced that Diamond Nested Moonbirds could start claiming Mythics eggs on the PROOF website.
Moonbirds also announced Project Ascend, which enables collectors to earn TALONS tokens daily for holding Moonbirds.
Manifold added support for $PEPE payments.
Sky Mavis open-sourced its Ronin documentation.
Emblem Vault has integrated Arcade, an NFT loan platform, into its vault system.
Spice Finance introduced its Flagship Vault for aggregated NFT lending.

That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!