Lawmakers have expressed concerns about Apple’s app store guidelines, which they believe restrict the development and integration of blockchain and non-fungible token (NFT) technologies. In a letter addressed to Apple CEO Tim Cook, the lawmakers questioned how these guidelines may potentially hinder the growth of emerging technologies like blockchains, NFTs, and distributed ledger technologies.
This is not the first time lawmakers have raised concerns about Apple’s app store practices. In November 2022, Representatives Bilirakis and Schakowsky sent a letter to Apple focusing on potential security vulnerabilities and foreign surveillance, particularly related to apps originating from China, including TikTok.
While Apple argues that these limitations increase security by creating a closed ecosystem, many are worried that the company is using its app store as a weapon against competitors. Chairman Bilirakis and Ranking Member Schakowsky stated in a joint press release that they are concerned about Apple’s restrictive approach.
One of the key questions posed in the lawmakers’ letter to Apple is whether the company has plans to develop apps utilizing blockchain or related technologies. This inquiry highlights their interest in understanding Apple’s stance on emerging tech and their willingness to explore these avenues within their ecosystem.
NFTs have gained significant popularity for their ability to represent ownership of unique digital assets such as artwork, collectibles, and virtual real estate. These assets are stored on blockchain networks, including Ethereum (ETH/USD) and Polygon (MATIC/USD).
At the time of writing, ETH was trading at $1,864, experiencing a slight 0.41% decrease in the last 24 hours.
In related news, Bitcoin, Ethereum, and Dogecoin have had mixed performances following an exploit on Curve Finance that put approximately $100 million worth of cryptocurrency at risk. An analyst predicts that Bitcoin will remain at the top of the digital currency hierarchy amidst these developments.
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In summary, lawmakers have voiced concerns about Apple’s app store guidelines, suggesting that they may impede the growth of blockchain and NFT technologies. Their letter to Apple’s CEO emphasizes the need to understand the company’s approach to emerging tech and whether they are open to exploring these avenues within their ecosystem. NFTs, which represent ownership of unique digital assets, have become increasingly popular. Additionally, recent developments in the cryptocurrency market, such as the Curve Finance exploit, have affected Bitcoin, Ethereum, and Dogecoin.
