Meta has announced its plans to charge 47.5% of every item sold on its new Meta Quest app store, including non-fungible tokens (NFTs) when 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 breaks down to a 30% hardware platform fee per transaction plus a 17.5% usage fee on Horizon Worlds.
Potential clients are unhappy with what is considered an outrageously high cut. Popular NFT collector Pranksy – who has nearly 400,000 followers on Twitter – called it “the biggest example I’ve ever witnessed of being totally and utterly out of character.”
The ‘pretty competitive’ 47.5% sales fee for @Goal‘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
— Pranksy (@pranksy) April 13, 2022
The ‘pretty competitive’ 47.5% sell rate for @Meta’s planned NFT platform is perhaps the biggest example I’ve ever witnessed of being totally and utterly out of line. #ZuckBux #Hopeless – article via @BusinessInsiderhttps://t.co/RpqwE4EJ0E
Compared, the most popular NFT marketplace, OpenSea, charges a flat 2.5% fee, while its closest competitor, LooksRare, charges just 2% per transaction. The Apple App Store keeps a maximum of 30% of sales.
Coca-Cola Bytes
The American food giant Coca-Cola has introduced a new product called Coca-Cola Zero Sugar Byte which, it seems, was born in the Metaverse and tastes like pixels.
What’s striking about the drink as a physical drink from the Metaverse is the fact that it comes with an Island Code that unlocks special maps and four mini-games in Epic Games’ popular Fortnite video game.. Epic recently secured a $2 billion investment from Sony and LEGO to build their own part of the metaverse, though it’s debatable whether Fortnite is truly a metaverse right now.
The product line will launch on May 2 and will only be available in the United States, Latin America and China..
What do you think taste like? Reply with your most creative guesses. pic.twitter.com/MJDZE4VHNm
— Coca-Cola (@CocaCola) April 4, 2022
What do you think it tastes like? Answer with your most creative guesses. pic.twitter.com/MJDZE4VHNm
Join the Mile NFT Club
Airline asset tokenization platform TravelX and Spanish airline Air Europa have partnered so that the airline can issue tickets in the form of NFTs as NFTickets.
The series of specially designed tickets grants their owners a business class flight to Miami Beach on November 29, 2022. There will be a total of 10 NFTickets auctioned every 14 days on the Travel Exchange auction platform.and the collection of NFTs will be issued on the Algorand blockchain network.
The Eiffel Tower in Paris will host the event for the final auction of the first NFTicket to go on sale during the Paris Blockchain Week on April 14.
The NBA could be virtual
The National Basketball Association (NBA) has filed a patent application for a list of items it wants to turn into “virtual consumer merchandise”. Among the 37 items that could be converted into NFTs are game tickets, collectibles and player autographs.
Wide range of virtual items is paving the way for the league to enter the Metaverseas applications seem to have been submitted for everything but the playing surface.
NBA Players Now Immortalized in NFT Form in Dapper Labs NBA Top Shots.
Other Nifty News
The mainstay of Japanese games Sega wants to include cloud technology and NFTs in its Super Game project, designed to connect different games with each other. Although NFT collectors applaud the decision, some members of the gaming community disagree with the measure.
The NFT startup Genie has raised $150 million in a series C funding round, achieving a $1 billion valuation. This makes the NFT avatar creator and newcomer to the Metaverse a certified tech unicorn..
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