Meta is one of the largest but least admired companies in the world. Its reputation wasn’t enhanced after it revealed a 47.5% commission on sales for its Metaverse marketplace. Coke has jumped on the bandwagon with a new 'Metaverse' drink.
The Meta Quest app store sells apps and games on the Horizon Worlds platform which Meta, formerly Facebook, is using to build its part of the Metaverse. CNBCon April 13 that the store is also expected to sell NFTs. The fee is broken down as a hardware platform fee of 30% per transaction plus a 17.5% usage fee on Horizon Worlds.
Potential customers aren't pleased with what is seen as an outrageously high cut. Popular NFT collector Pranksy — who has nearly 400,000 Twitter followers — called it “the greatest example of being completely and utterly out of touch with something that I have ever witnessed.”
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