Horizon Worlds Metaverse to Charge Creators a 47.5% Fee

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Meta (Previously Facebook) to Take Half of Horizon Worlds NFT Sales

According to a Meta spokesperson, the company plans to take a 30% hardware platform fee, along with the Horizon Worlds metaverse charging 17.5%, making it 47.5%

Amid this news, there have been a lot of tweets making fun of this fee. Some are even comparing it with their taxes. People are saying that they don’t even pay that much taxes. 

On Monday, Meta CEO Mark Zuckerberg announced that the company is introducing a feature to test Virtual Goods on the Horizon Worlds. 

The community was excited and showed great interest until a company spokesperson dropped the bomb on Meta, charging a 47.5% fee for selling products on this new immersive platform. 

Upon this news, Meta and Mark Zuckerberg receive massive backlash from the community. The reason why is that Meta said that the company will not charge anything from creators until 2023. Mark also promised to keep the company’s commission below 30%. 

When it comes to leading NFT marketplaces like OpenSea and LooksRare, they charge 2.5% and 2% fees, respectively. 

Jumping from such small fees to a whopping 47.5% will not be tolerated by NFT lovers. 

Additionally, the community is already angry with Meta and Mark Zuckerberg because they broke their promise of not charging anything from creators on paid online events, subscriptions, and other products until 2023. 

Previously, Mark Zuckerberg has made a lot of statements where he said that the company would support creators. 

See Also: Meta to Bring NFTs To Instagram

“As we build for the metaverse, we’re focused on unlocking opportunities for creators to make money from their work.”

Mark Zuckerberg (CEO Meta) in June 2021.

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