Meta pays for the metaverse with your NFTs

The metaverse, web3 freedom or web2 replica? – For many of us, the metaverse rhymes with freedom. Freedom to create and share, freedom to meet and interact. In short, a whole new world is being born, expanding the field of possibilities, far from any control. Nevertheless, HorizonWorldthe metaverse from the imagination of Meta (Facebook) already seems to be moving away from this idea. We explain why.

He will have escaped no one for a few months, mark zuckerberg operates a 180° turn. His goal ? Take hold of this new trend that is exploding, the metaverse. This sudden transition comes as Facebook and instagram lose advertising revenue and worry shareholders. This is due to privacy changes recently implemented by Apple and Google. Because the true kings of web2 are indeed them. Meta therefore seeks to get ahead of them in the world of the future, that of web3.

To do this, Mark Zuckerberg launched HorizonWorlda virtual reality game (VR) supposed to host different interconnected worlds. Recently, the boss of Meta detailed the next novelties that are announced at the heart of his metaverse. He Explain including working on features that will allow creators to sell virtual items. Typically, a designer would be able to sell Fashion Accessories that would equip our digital avatars. Another example, developers of virtual real estate could sell access to “premium” areas of their world.

“The ability to sell items and access privileges within virtual worlds is now part of the overall e-commerce equation”

mark zuckerberg

Glimpse of a virtual city within the Metaverse

The ability to sell Virtual Goods will initially only be open to a handful of creators. Potential buyers will also initially be limited to users over the age of 18 living in the USA and Canada. But here it is, the social networking giant intends to grab a good share of the cake, maybe even downright half.

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The metaverse, yes, but will have to pay

Creator that you are, do you want to share your newly created virtual world with as many people as possible? Or deploy a variety ofaccessories to equip avatars of the entire metaverse? This should be possible soon on Horizon World, of course, but the gains are expected to be limited. Meta will arrogate 25% on all transactions that will take place within its metaverse. Furthermore, if your sales are made through the Quest Store of Meta, provider of Oculus Quest headsets, 30% of costs will be deducted from you beforehand. Finally, 47.5% of the sum will therefore go into the pockets of Meta.

Meta gets a nice slice of the pie on purchases from its Horizon World metaverse. The creator only gets half of it.

“We think this is a very competitive rate for this market,” he said. Vivek Sharma, Vice President of Horizon World at Meta. Meta’s spokesperson, Sinead Purcell further implied that Horizon World would one day be available on hardware made by other companies. In this case, Meta will continue to charge its 25% fee but let the manufacturers set their own rates. Hopefully these are less greedy.

Mark Zuckerberg had however criticized Apple in 2021 for their excessive 30% fee for the sale of applications on theAppStore. The idea had to please him, however, since a year later, here he is adopting the concept for his metaverse. Will we move towards a totally free and interconnected metaverse like Decentraland Where The SandBox ? Or will we be caught up in the web2 giants who will weave their web into the heart of web3? Creators and users decide. Because in the end, it is they who have the real power. So ask yourself the question. In which meta am I wandering?

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Meta pays for the metaverse with your NFTs


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