Facebook META will Charge Near 50% Fees in Metaverse Store - 50% of Vaporware NFT Better than 100%?

The proposed high commission fees within Meta's Horizon Worlds could hinder its metaverse ambitions before they truly begin. Peter Saddington contends that Meta's planned 47.5% commission on digital asset sales is excessively high and unsustainable. This fee, comprised of a 30% hardware platform fee via the Meta Quest store and a 17.5% Horizon Worlds fee, faces scrutiny when compared to existing NFT marketplaces like OpenSea and LooksRare, which have significantly lower transaction fees (2.5% and 2% respectively). Saddington argues that content creators would be disincentivized, as such high fees would drastically cut into their earnings. He questions the logic of imposing such a steep commission, especially given Meta's already dominant position in social media, suggesting it risks alienating creators and users alike. He emphasizes that in any other commercial context, a 17% commission on a sale would be considered unacceptable.