Meta Will Take a 47.5% Cut On The Sale Of Digital Assets In Its Metaverse

Secondary NFT marketplaces such as OpenSea only take a 2.5% cut of each transaction. LooksRare charges lower with only a 2% cut.

Vivek Sharma, Meta’s VP of Horizon, reportedly told The Verge: “We think it’s a pretty competitive rate in the market. We believe in the other platforms being able to have their share.”