Nifty News: Meta wants 50% of NFT sales, Coke’s Metaverse flavor... and more
Meta has announced plans to charge 47.5% on each item sold on its new Meta Quest app store, including nonfungible tokens (NFT) when they are available.
The Meta Quest app store sells apps and games on the Horizon Worlds platform which Meta, formerly Facebook, is using to build its part of the Metaverse. CNBC reported on April 13 that the store is also expected to sell NFTs. The fee is broken down as a hardware platform fee of 30% per transaction plus a 17.5% usage fee on Horizon Worlds.
Potential customers aren't pleased with what is seen as an outrageously high cut. Popular NFT collector Pranksy — who has nearly 400,000 Twitter followers — called it “the greatest example of being completely and utterly out of touch with something that I have ever witnessed.”
The 'pretty competitive' 47.5% sales fee for @Meta's planned #NFT platform is perhaps the greatest example of being completely and utterly out of touch with something that I have ever witnessed. #ZuckBux #Hopeless - article via @BusinessInsiderhttps://t.co/RpqwE4EJ0E
By comparison, the most popular NFT marketplace OpenSea takes a flat 2.5% fee while its close competitor LooksRare charges just 2% per transaction. Apple’s App Store takes a maximum 30% cut on sales.
American food giant Coca-Cola has unveiled a new product called Coca-Cola Zero Sugar Byte which was apparently born in the Metaverse and tastes like pixels.
The drink’s gimmick as a physical drink from the Metaverse includes the fact that it comes with an Island Code that unlocks special maps and four mini games on the popular Fortnite video game by Epic Games. Epic recently scored a $2 billion investment from Sony and LEGO to build its own part of the Metaverse, although whether Fortnite is actually a metaverse
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