Meta is already failing on its promise of a better metaverse ...Middle East

Quartz - Economy
Meta is already failing on its promise of a better metaverse
source : Quartz ( Middle East ) () 20
Meta’s plan to monetize its Facebook Horizon Worlds metaverse platform will include a set of hefty fees for creators of virtual items that add up to 47.5%, roughly half of what users bring in. The specifics of the fees were revealed by CNBC this week following a blog post in which the company discussed helping creators earn money on its virtual platform.The problem is, in recent months Meta has made a point of criticizing Apple for its 30% App Store developer fee. “The 30% fees that Apple takes on transactions make it harder to do that, so we’re updating our Subscriptions product so now creators can earn more,” said Meta CEO Mark Zuckerberg in November. https://www.youtube.com/watch?v=02kCEu

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