Meta has announced that it plans to charge a 47.5% fee on every item sold in its new Meta Quest app store, including future non-fungible tokens (NFTs).
The Meta Quest app store sells apps and games on the Horizon Worlds platform, which Meta (formerly Facebook) is using to build part of its own Metaverse. On April 13, CNBC reported that the store is also expected to sell NFTs. Fees are divided into 30% hardware platform fee and 17.5% Horizon Worlds usage fee per transaction.
Potential customers are not happy with this outrageous commission. NFT collector Pranksy, who has nearly 400,000 followers on Twitter, called it "the best example of total, utter detachment from reality I've ever seen."
In comparison, OpenSea, the most popular NFT marketplace, charges a flat 2.5% fee, while its competitor LooksRare charges just 2% per transaction. Apple's App Store takes as much as 30 percent of sales.
coca cola byte
American food giant Coca-Cola has launched a new product called Coca-Cola Zero Sugar Byte, which apparently was born in the metaverse and tastes like pixels.
As a physical beverage from the Metaverse, the can has a QR code that leads to a digital island that unlocks a special map and four mini-games from Epic Games' popular video game Fortnite . Epic recently secured $2 billion in investments from Sony and Lego to create part of its own metaverse, though whether or not Fortnite is actually a metaverse is debatable now.
The line will launch on May 2 and will only be available in the US, Latin America and China.
How do you like the taste? Answer with your most creative guess.
— Coca-Cola (@CocaCola) April 4, 2022
Join the high-altitude NFT club
Airline asset tokenization platform TravelX has partnered with Spanish airline Air Europa to allow the airline to issue NFT tickets in the form of NFTickets.
The series of specially designed tickets will provide passengers with business class flights to Miami Beach on November 29, 2022. 10 NFTickets will be auctioned on the Travel Exchange auction platform every 14 days, and this NFT series will also be issued on the Algorand blockchain network.
NBA may go virtual
The National Basketball Association (NBA) has filed a patent application for a range of items to be made into "virtual consumer goods". Among the 37 items that could become NFTs are game tickets, collectibles and player autographs.
A plethora of virtual items has paved the way for the NBA to enter the Metaverse, as everything other than the playing field seems to be included in the application.
NBA players have been immortalized in NFT form on Dapper Labs' NBA Top Shot.
Other NFT News
Japanese game giant Sega is considering incorporating cloud technology and NFT technology into its Super Game project, aiming to connect different games with each other. While NFT collectors may support the decision, some in the gaming community disapprove of the move.
NFT startup Genie has closed a $150 million Series C round at a $1 billion valuation, making the NFT avatar company and new Metaverse entrant a certified tech unicorn.
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