Meta Plans to Take a Nearly 50% Commission on Purchases Made Inside the 'Metaverse'

This week, Meta announced new ways it's allowing creators to monetize and earn money from the "metaverse." One way it's enabling that is through letting creators sell NFTs, or non-fungible tokens, through its Horizon Worlds platform. In the post, Meta declined to specify how much of a cut it would take for those purchases, but a company spokesperson told CNBC it would be 47.5% commission, inclusive of a 30% hardware fee and a 17.5% platform charge:

A Meta spokesperson confirmed to CNBC Wednesday that Meta will take an overall cut of up to 47.5% on each transaction. That includes a “hardware platform fee” of 30% for sales made through the Meta Quest Store, where it sells apps and games for its virtual reality headsets. On top of that, Horizon Worlds, will charge a 17.5% fee.

Meta's vice president of Horizons, Vivek Sharma, told The Verge that the nearly 50% commission is "a pretty competitive rate in the market," adding "we believe in the other platforms being able to have their share."