Meta Plans To Charge Up To 50% Fees For Transactions in The Metaverse

Credits: Dima Solomin/ Unsplash

Meta Platforms plans to charge fees of up to 47.5% for transactions that take place in virtual worlds hosted on its platforms, setting the tech giant up to dominate digital-asset markets in the metaverse, reports Barron’s.

The virtual world

Creators in the virtual worlds hosted by Meta (ticker: FB) will be able to sell digital goods to users, the company announced earlier this week. Those sales will be subject to a 30% platform fee from the Meta Quest Store—where Meta’s virtual reality headset users buy games and apps—in addition to a fee of as much as 17.5% from Horizon Worlds, Meta told Barron’s on Thursday.

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Source: Barron’s


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