Meta, the parent company for social media giant Facebook, <a href="https://nftandgamefi.com/2021/12/03/facebook-is-set-to-ease-its-grip-on-crypto-ads-with-meta/" rel="noopener noreferrer nofollow">dove into the metaverse</a> and other fledgling Web3 concepts late last year. While some of its products are yet to pick up steam, its non-fungible token (NFT) offering and metaverse are taking shape.However, the company appears to have hit a major snag this week after it revealed plans to monetise its metaverse app.<h2 id="header-0">High Fees For An Upcoming Product</h2>On Monday, Meta <a href="https://www.cnbc.com/2022/04/12/mark-zuckerberg-says-meta-will-test-horizon-worlds-virtual-sales.html" rel="noopener noreferrer nofollow">announced</a> that it would open Horizon Worlds – its virtual reality and metaverse platform – to a handful of creators to sell digital items and other collectibles. In a <a href="https://about.fb.com/news/2022/04/testing-creator-monetization-horizon-worlds/" rel="noopener noreferrer nofollow">blog post</a>, the holding company confirmed that the testing phase would open the door to a much larger rollout as it continues to build an all-inclusive metaverse.While progress on its grand ambition is impressive, investors and users quickly caught one distressing detail – Met’s pricing structure for the new product. As the blog post confirmed, Meta plans to take up to 47.5% off each transaction.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d016264a528b40c2a65347f39b4eb1f5.png" />A breakdown of Meta’s proposed pricing plan shows that the company plans to take 30% of the price of every item sold in Horizon Worlds via its Oculus virtual reality platform. The remaining 17.5% will go to the Meta App Store. This is even more than Apple’s massive <a href="https://developer.apple.com/forums/thread/103195" rel="noopener noreferrer nofollow">App Store fee</a>, which stands at 30%. It is also much more than most NFT enthusiasts are accustomed to paying.For reference, OpenSea, the biggest NFT marketplace globally, takes just a <a href="https://support.opensea.io/hc/en-us/articles/1500011590241-What-are-OpenSea-s-fees-#:~:text&#61;OpenSea&#39;s%20model%20is%20simple%20%2D%20we,amount%20of%20up%20to%2010%25." rel="noopener noreferrer nofollow">2.5% cut</a> from each NFT sale – while the token’s creators take fees varying between 2.5% and 7.5%.Read the full article:<a href="https://nftandgamefi.com/2022/04/14/nft-enthusiasts-balk-meta-vr-play/" rel="noopener noreferrer nofollow"> NFT Enthusiasts Balk At Meta’s Overpriced VR Play</a>

NFT Enthusiasts Balk At Meta’s Overpriced VR Play

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