HIGHLIGHTS :

  • It currently only works with Quest VR headsets
  • It could be brought to mobile phones and later to game consoles.
  • Meta is under criticism for charging higher commissions from related transactions

Meta recently announced that a 47.5 percent commission will be charged from those selling digital assets through Horizon Worlds. This decision of Meta was criticized

It currently only works with Quest VR headsets

Facebook’s company Meta is working on the web version of its Horizon Worlds social metaverse platform. This will expand the reach of the platform as it currently only works with Quest VR headsets. This will make this virtual experience accessible to more people, but Meta’s plan to take 47.5 percent of its associated transactions has been criticized.

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It could be brought to mobile phones and later to game consoles.

Meta’s CTO Andrew Boz revealed plans to bring a web version of Horizon Worlds via tweet. He said that Meta has decided to charge 25 percent commission for the web version. This is significantly less than the 47.5 percent commission charged by sellers of items to users accessing Horizon Worlds via the Quest VR headset. Not much information has been given about the web version of Horizon Worlds. It can be brought to mobile phones and later to game consoles by the end of this year.

Boz favored a higher commission rate, saying that other platforms, including Roblox and YouTube, charge similar commissions. He clarified that 47.5 percent commission is the total charge taken by Meta from creators. However, for direct purchases through the Horizon platform, the commission will be 25 percent. He said that this is just the beginning and a lot of work remains to be done. Meta recently announced that a 47.5 percent commission will be charged from those selling digital assets through Horizon Worlds. Meta’s decision was criticized because so far it has been against Apple’s decision to charge a 30 percent commission for purchases made on the App Store.

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Meta is under criticism for charging higher commissions from related transactions

In addition, Meta also plans to launch a digital token. It is being called ‘Zuck Bucks’ after the company’s founder Mark Zuckerberg. Zuckerberg cites e-commerce and financial tools as key to his vision of the metaverse that delivers a real-world experience. Meta is considering bringing in digital tokens like the tokens used for transactions in video games.

Tokens are used for transactions in many popular games.

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