Cryptocurrency News
Nifty News: Meta wants 50% of NFT sales, Coke’s Metaverse flavor… and more
2022.04.14 15:55
Nifty News: Meta wants 50% of NFT sales, Coke’s Metaverse flavor… and more
Meta has announced plans to charge 47.5% on each item sold on its new Meta Quest app store, including nonfungible tokens (NFT) when they are available.
The Meta Quest app store sells apps and games on the Horizon Worlds platform which Meta, formerly Facebook (NASDAQ:FB), 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 is broken down as a hardware platform fee of 30% per transaction plus a 17.5% usage fee on Horizon Worlds.
