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Meta will now take a 48% cut from sales in the Metaverse, take that APPLE!

Meta will now take a 48% cut from sales in the Metaverse, take that APPLE!

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Remember when Meta said Apple’s 30% App Store tax was too high? Well, now the company is going to be taking a 48% cut from every sale in Horizon worlds. Well as you know, you can sell digital items in Meta’s virtual world. Well, the company just confirmed that they are going to be taking a total of 47.5% of a cut from every digital asset sale and horizon world, including 30% through the Quest Store and 17.5% through Horizon World.

In a statement, Vivek Sharma [Meta’s Horizon VP] said that the company’s cut was a very competitive rate. Although that’s not true as OpenSea [an NFT marketplace] just takes a 2.5% share of transactions. This rate isn’t going to be pleasing a lot of digital product makers out there, even though Meta does promise goal-oriented bonuses to developers whose words are particularly active.

Also just making it clear that this was the same company criticizing Apple’s 30% slice off in-app purchases on the App Store saying that they would change subscriptions to help creators keep more revenue.

Meta will now take a 48% cut from sales in the Metaverse, take that APPLE!

Meta will now take a 48% cut from sales in the Metaverse, take that APPLE!

–––––

Remember when Meta said Apple’s 30% App Store tax was too high? Well, now the company is going to be taking a 48% cut from every sale in Horizon worlds. Well as you know, you can sell digital items in Meta’s virtual world. Well, the company just confirmed that they are going to be taking a total of 47.5% of a cut from every digital asset sale and horizon world, including 30% through the Quest Store and 17.5% through Horizon World.

In a statement, Vivek Sharma [Meta’s Horizon VP] said that the company’s cut was a very competitive rate. Although that’s not true as OpenSea [an NFT marketplace] just takes a 2.5% share of transactions. This rate isn’t going to be pleasing a lot of digital product makers out there, even though Meta does promise goal-oriented bonuses to developers whose words are particularly active.

Also just making it clear that this was the same company criticizing Apple’s 30% slice off in-app purchases on the App Store saying that they would change subscriptions to help creators keep more revenue.

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