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OpenOcean Nft's
Apr 18 2022 · 8:12 AM
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Earlier this week, Meta made headlines when the company announced details about forthcoming tools for Horizon Worlds, a virtual reality video game created by the company. Meta is creating new features for the game that will enable creators to sell digital items and art. In a blog post published on April 11, the company revealed that it would be taking a cut of 47.5% from all sales. First, they charge a “hardware platform fee” of 30% for any sales completed via the Meta Quest Store (a marketplace for VR-enabled apps and games). Second, there is a 17.5% fee that comes from Horizon Worlds itself. This announcement ruffled more than a few feathers. It seems like another case of a major corporation with billions of dollars taking advantage of independent artists. Yet, sizeable fees aren’t new to those regularly interacting with the blockchain. Nearly every prominent NFT marketplace has a variety of fees, and many NFT marketplaces are also rolling in wealth.

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