Apple has announced that it will allow third-party app stores on its platform, a move that is expected to boost the growth of non-fungible tokens (NFTs) and cryptocurrencies.
The company has long been criticized for its strict control over the app ecosystem, with developers often forced to go through a lengthy and costly review process before their apps can be approved for the App Store.
With the new policy, developers will now be able to distribute their apps directly to users without going through Apple’s review process. This means that developers of NFTs and cryptocurrencies will be able to offer their products to users more easily, potentially driving adoption of these technologies.
The decision is a major shift for Apple, which has traditionally been wary of allowing third-party app stores on its platform. However, the company appears to have been swayed by the growing popularity of NFTs and cryptocurrencies, which have attracted significant investment and attention in recent years.
Experts say that the move could also lead to greater competition in the app ecosystem, as developers are no longer limited to the App Store and can offer their products directly to users. This could drive down prices and improve the overall quality of apps available to users.
“This is a major change for Apple and a huge win for developers,” said Dan Larimer, CEO of blockchain company Block.one. “By allowing third-party app stores, Apple is opening up its platform to a whole new world of innovation and creativity. It’s a smart move that will help drive the growth of NFTs and cryptocurrencies, and ultimately benefit users.”
Apple’s decision has already been welcomed by developers, who have long called for greater freedom to distribute their apps. Many believe that the move will help to accelerate the growth of NFTs and cryptocurrencies, and could pave the way for more mainstream adoption of these technologies.
Overall, Apple’s decision to allow third-party app stores is a significant development for the tech industry and could have far-reaching implications for the future of NFTs and cryptocurrencies.