MARK Zuckerberg’s Meta has revealed that it will take a large amount of the earnings made in its Horizon Worlds metaverse.
A staggering 47.5% of sales made in Horizon Worlds will go to Meta and the rest to the user.
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According to CNBC, Meta confirmed these plans to take almost a 50% cut from users.
There’s a 30% hardware platform fee if you’re selling virtual assets through the Meta Quest Store.
Then, there’s a 17.5% fee on top of this for sales made in Horizon Worlds.
Some people are finding the revelation confusing because Meta, formerly Facebook, once criticized Apple for taking a similar 30% cut from creators.
Meta announced earlier this week that it would be letting some creators sell virtual goods in the metaverse.
It failed to mention the hefty cut it would be taking in this announcement.
CNBC noted that the fee has angered people in the NFT community who were hoping to sell virtual tokens in the metaverse.
One Twitter user wrote: “If Meta wants 47.5% of NFT sales they gotta talk to the IRS because I don’t even have that after taxes.”
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CNBC quoted one tweet stating: “I hate you Facebook.”
You may think you’ll never be buying or selling in the metaverse but Zuckerberg has previously expressed views that we’ll all spend a lot of time there one day.
Zuckerberg told tech podcaster Lex Fridman: “A lot of people think that the metaverse is about a place, but one definition of this is it’s about a time when basically immersive digital worlds become the primary way that we live our lives and spend our time.”
He added: “I think that’s a reasonable construct.”
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