Facebook Is Getting Roasted On Twitter For Its Greedy 47 Percent Meta Tax On Virtual Sales

Exciting news for metaverse creators! Creations inside Horizon Worlds, the Metaverse anchor platform of the Facebook parent company Meta, is currently testing monetization. That is great news, except it seems like the creators are hearing “Taxman” by the Beatles resounding through their headsets.

“Creator monetization is really important because you need to make a good living building these experiences people can have,” said Meta CEO Mark Zuckerberg from within a Horizon World. Meta is seemingly all-in on virtual workspaces being the “future of work.” However, it also looks all-in on taking about half of what people sell their work for, at a whopping 47.5%. Which, of course, has NFT Twitter all aflutter.

The major issue here, according to NFT Twitterverse, is that there are already people monetizing digital assets, and the platforms that facilitate those exchanges often take a comparatively minuscule amount. Such as OpenSea or RandGallery, both of which only take 2.5% transaction fees.That seems to be a relative standard across the Crypto NFT scene.