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Meta to set a nearly 50% commission on metaverse sales The fe | Crypto for Dummies

Meta to set a nearly 50% commission on metaverse sales

The fee structure includes a 30% fee to the Meta Quest Store for virtual reality headset apps, as well as a 17.5% commission to Horizon Worlds.

On April 11, the corporation announced that it had opened up the ability for some users to create and sell virtual items, including NFTs, on Horizon Worlds.
The fees were not specified in the announcement.

OpenSea, the largest NFT marketplace by volume, charges 2.5% per transaction; its competitor LooksRare has a 2% rate.

Apple charges app developers 30% for sales through the App Store.
Meta CEO Mark Zuckerberg and other executives have previously criticized the company for high fees.