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Insight into Apple’s 30% rake on NFT sales & the cross-chain future of gaming – SlateCast #21

Insight into Apple’s 30% rake on NFT sales & the cross-chain future of gaming – SlateCast #21

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Tyranno Studios is the new name of Wax Studios, developer and publisher of several web3 games such as Blockchain Brawlers. It is also the developer for the WAX ​​blockchain, which hosts NFT and gaming projects from the world’s biggest IPs, including Sony, Mattel, Funko and Hasbro.

Michael Rubinelli is Tyranno’s Head of Gaming, and he joined Akiba on the latest episode of SlateCast to discuss the cross-chain future of web3 gaming, as well as Apple’s recent move to allow NFT-based applications.

Regarding Apple’s recent decision to allow NFTs in the Apple App Store, Rubinelli noted that there is some confusion as to what the 30 percent cut applies to. If Apple only applies the cut to first-party sales, Rubinelli argued that creators will see a significant drop in revenue. However, he believes that a 30 percent rake in marketplace fees could be profitable.

During the discussion, the discussion about Apple’s decision was highlighted because of the relationship between NFT and web3 gaming. Third party sales are integral to the success of web3 gaming as it moves towards non-custodial ownership of in-game assets rather than click-to-earn models in late 2021.

Rubinelli spoke extensively about the role of blockchains in web3 gaming. The Tyranno rebrand was done to separate the studio from the WAX ​​blockchain as it moved to launch games and game assets on other blockchains. An Ethereum and BNB chain bridge is now available for WAX-based games, allowing users to buy and sell WAX NFTs on marketplaces such as OpenSea.

The concept of “gaming to earn is dead,” according to Rubinell, who believes gamification is the future and is “incredibly exciting.” However, to get new players into web3 gaming, Rubinelli argued that developers need to follow the Disney model of user adoption. The model suggests that users value convenience above all else, including security.

“That’s what we have to do. We have to continue to rely on comfort and frictionless things.”

The WAX ​​blockchain allows users to create a cloud wallet using traditional web 2.0 single sign-on methods such as Google, Facebook Connect, Steam, Twitter and more. The web 2.5 model used by WAX is one in which Rubinelli remains very confident, noting that “people really don’t want decentralization.”

To learn more about Tyranno, Apple’s 30% NFT cut, cross-chain web3 gaming, and more on the WAX ​​blockchain, watch the full video.

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