Meta, the parent company of Facebook has plans to take a 47.5% cut on the sale of digital assets on its Horzion Worlds metaverse.
The social media behemoth announced in a blog post on Monday, that it has allowed several creators on Horizon Worlds to sell their wares within the built-in worlds. This could potentially lead to the use of NFTs within Horizon Worlds, although the company didn’t mention how much it will charge creators to sell their digital creations.
A Meta spokesperson told CNBC, that Meta will take an overall cut of up to 47.5% on each transaction. That includes a “hardware platform fee” of 30% for sales made through the Meta Quest Store, where it sells apps and games for its virtual reality headsets. On top of that, Horizon Worlds will charge a 17.5% fee.
The size of the cut has angered some in the NFT community. One Twitter user wrote: “I hate you Facebook.” Another said: “If Meta wants 47.5% of NFT sales they gotta talk to the IRS because I don’t even have that after taxes.”
