Two days ago, Facebook's parent company Meta claimed to have begun testing commercial tools for selling digital assets on its VR social platform Horizon Worlds, but did not say how much it would charge. Today, Meta gives that number — 47.5 percent.
On Wednesday (April 13), a Meta spokesperson confirmed to the media that the company will take up to 47.5% of the total fee from each virtual asset transaction: including 30% of the "hardware platform fee" from the Quest Store, while Horizon World will also charge a 17.5% fee.
The Quest Store is a software store that Meta has built for its virtual reality hardware to sell apps and games, similar to the Apple App Store on Apple phones and the Play Store on Android phones.
Knowing that the percentage of meta plans could reach 47.5%, some netizens in the non-homogeneous token (NFT) community were furious. One Twitter user wrote, "Changing the name to Meta doesn't mean you understand the value of Web3." 47.5% creator fee, I hate you Facebook. ”
Another said, "If Meta is really going to charge a 47.5 percent NFT sales fee, they have to talk to the IRS." He pointed out that this level of commissioning is higher than that of the US tax law.
On a side-by-side comparison, the OpenSea platform draws 2.5% from each trade, and another platform, LooksRare, even charges only 2%.
Vivek Sharma, Meta's vice president of Horizon World, told the media on Monday, "We think this is a fairly competitive price in the market and believe other platforms can take their share." ”
It is worth mentioning that Sharma also pointed out that Apple also charges 30% of sales to app developers, which Meta CEO Zuckerberg has also mentioned many times. But now that Meta has a higher percentage than Apple, it can be said that it "lives a more hated look."
Last November, Zuckerberg said that Meta would work to help metaverse creators avoid Apple's app store cuts, "When we build for metaverses, we focus on unlocking opportunities for creators to make money from their own work." We're updating our subscription offerings so creators can earn more. ”