STEPN Brings NFT trading to the Apple Ecosystem

Early pioneers of profit-seeking trends, stepnbroke new ground by offering NFT trading on Apple devices. However, this new development has its pitfalls, users will face higher fees to meet the ecosystem’s astronomical 30% “Apple tax”.

With new developments, STEPN users are faced with a difficult choice between convenience and low price. Essentially, it provides a means for an iPhone user to purchase his NFT sneakers through her Apple Pay portal without using cryptocurrency.

To make this possible, STEPN has introduced a new in-app currency called “Sparks”. The user can purchase via her Apple Pay for a flat rate of $0.01 per token. This non-crypto token can be used to buy his STEPN NFTs via the new IOS integrated marketplace.

STEPN integrates Apple Pay 🍎

I am pleased to announce this #stepon The first blockchain gaming app to secure breakthrough integration with Apple Pay, breaking the Web3 barrier to entry 💫

How it works⤵️ [1/6] pic.twitter.com/wCeVzjLoHE

— Stepn | Public Beta Phase VI (@Stepnofficial) May 22, 2023

STEPN NFTs discreet 30% Apple tax

To appease the IOS gods, STEPN has built a surcharge into the NFT price and hopes to hide this burden through its new “Sparks” currency. As such, in a recent study, researchers found a roughly 42% increase in prices compared to crypto-native marketplaces. This figure includes his 30% commission from Apple, plus additional administrative costs on the part of STEPN’s parent company, Find SATOSHI Lab.

Despite this excessive fee, the new integration should significantly ease the convenience of joining STEPN as a member. Essentially, incorporating traditional payment methods such as credit and debit cards via the Apple Pay infrastructure allows the exercise-themed gaming platform to attract his Web2 users.

The move follows Axie Infinity’s Appstore debut, making it the second Web3 giant to tap into Apple’s massive user base in recent days. Going forward, attention will be focused on these two leading companies, and their performance will determine whether more NFT companies will follow suit.

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*All investment/financial opinions expressed by NFT PLAZA are based on the site moderator’s personal research and experience and are for educational material only. Individuals should thoroughly research any product before making any type of investment.