Meta will charge creators 47.6% on digital asset sales made in Horizon Worlds

Facebook’s parent company, Meta Platforms, will charge creators about 47.5% on sales of digital assets and experiences made within the company’s virtual reality platform, Horizon Worlds.

The bundle charge includes a 30% hardware platform fee for sales made through the Meta Quest Store, where it sells apps and games for its VR headsets, and an additional 17.5% discount as that Horizon platform charges, a Meta spokesperson told Reuters on Wednesday. .

On Monday, the tech giant announced it would begin testing tools for creators to sell digital assets and earn money on Horizon Worlds, a key part of its plan to build a metaverse.

Meta CEO Mark Zuckerberg has criticized Apple’s 30% App Store fee, but Meta’s latest move to charge creators nearly half of their sales on its own platform has caused controversy. anger of many of them.

Facebook’s 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 accessible through different devices where users can work, socialize and play.

Meta’s Horizon Worlds, an expansive virtual reality social platform, and Horizon Venues, which focuses on virtual events, are the first iterations of metaverse-like spaces.

© Thomson Reuters 2022