DeFi News Official TheBitTimes.com

In a recent development, Apple has issued a warning to the Damus app, which operates on the Nostr platform, urging it to align with Apple’s guidelines or risk being removed from the app store within a 14-day timeframe. According to Jack Dorsey, the app store might not understand what this feature is. Maintaining its presence in the app store According to Damus’ Twitter post, Apple sent a warning email stating that the app’s version 1.4.3 is not in compliance with review guidelines. More specifically, the tipping function is called out for allowing users to send “tips” associated with receiving content from digital content creators with a mechanism “other than in-app purchase.” Damus will be removed from the app store in 14 days, apple says zaps are not allowed on their platform because they *could* be used by content creators to sell digital content. This is right before we’re about to give our talk at the oslo freedom forum on how decentralized social… pic.twitter.com/uAK1U0

Apple’s rumored VR headset launch appeared to fuel a sharp rally in metaverse tokens, but data suggests that the momentum is not sustainable. The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland, and The Sandbox, lost 95% of their market capitalization. The most prominent reason for the fall was lack of usage growth.  Still, the metaverse narrative is far from dead and will grow in the future. Reportedly, Apple will launch its VR gear sometime in spring 2023. The announcement was a positive catalyst for MANA and SAND, causing a double-digit price surge. While there’s evidence of positive buying volume supporting the pump, the weak fundamentals of metaverse platforms and overheated market indicators suggest that the price pump risks reversing quickly. The Apple pump and dump Facebook's (Meta) foray into the metaverse was one of the most prominent catalysts for metaverse tokens. The idea for Decentraland