Meta to Charge Creators 47.6 Percent On Digital Asset Sales Made in Horizon Worlds

Meta says that the charge comprises of 30 percent hardware platform fee, and 17.5 percent as Horizon platform fees.

By Reuters | Updated: 14 April 2022 15:12 IST

Meta to Charge Creators 47.6 Percent On Digital Asset Sales Made in Horizon Worlds

The Facebook parent company is heavily contributing to the emergence of the metaverse

Highlights

Meta is testing new tools to sell virtual items in Horizon Worlds
The tech giant will deduct Horizon platform fees from users
Horizon Worlds is Meta's social virtual reality app

Facebook parent Meta Platforms will charge creators around 47.5 percent on sales of digital assets and experiences made inside the company's virtual reality platform Horizon Worlds.

The overall charge comprises of 30 percent hardware platform fee for sales made through Meta Quest Store, where it sells apps and games meant for its virtual reality headsets, and a further 17.5 percent cut as its Horizon platform fees, a Meta spokesperson told Reuters on Wednesday.

On Monday, the tech giant said it would start testing tools for creators to sell digital assets and in turn make money on Horizon Worlds, a key part of its plan for creating a metaverse.

Samsung Wins Patent for a Tri-Fold Smartphone With Specialised Barrier Layer for Improved Durability

Meta chief executive officer Mark Zuckerberg has been a critic of Apple's app store fees of 30 percent, but Meta's latest move to charge creators nearly half their sales on its own platform has angered many of them.

The Facebook parent company, which changed its name to Meta last year, has invested heavily in virtual and augmented reality to reflect its new bet on the metaverse, a futuristic idea of a network of virtual environments accessed via different devices where users can work, socialise and play.

Meta's Horizon Worlds, an expansive VR social platform, and Horizon Venues, which is focused on virtual events, are early iterations of metaverse-like spaces.

Meta, Snap Sued by Mother of US Teenager for His Suicide

© Thomson Reuters 2022

Can OnePlus 10 Pro beat iPhone 13 Pro and Galaxy S22 Ultra? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.