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Will Apple build its own blockchain?


Hello readers, and welcome back!
Last week, I wrote about the issues facing Axie Infinity in the wake of a $625 million heist. This week, I’m talking about Apple and crypto.
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Image Credits: Apple
the big thing
This week my colleague Sarah wrote an interesting story on an “NFT” app in the App Store that Apple seemed to suddenly ban despite the fact that it had already operated in plain sight for months. Apple had argued that the app was misleading consumers by selling “NFTs” that could not be resold and furthermore weren’t even stored on a blockchain. The app seems a little dodgy in my opinion, but that’s not particularly the fault of the app developer at hand; the app seems built to live in the gray area of Apple’s non-existent guidance for NFTs. (It’s worth noting that within an hour of our story going live, Apple had somewhat surprisingly reinstated it in the App Store.)
This whole minor saga triggers a more interesting question: What exactly are Apple’s plans for NFTs?
On one hand, I’m sure Apple would like …

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