Posted on 04/13/2022 3:25:31 PM PDT by EBH
Facebook’s parent, Meta, revealed this week that a core business goal in developing a virtual-reality “metaverse” is to make money from digital transactions.
Now the company is acknowledging that it plans to take a cut of almost half of all money changing hands.
A Meta spokesperson tells CNBC that the company will take an overall cut of up to 47.5% on each metaverse transaction.
That includes a “hardware platform fee” of 30% for sales made through the Meta Quest Store, where Meta sells apps and games for its virtual-reality headsets.
There’s also a 17.5% fee just for, well, playing in Meta’s digital playground.
The social-media behemoth is a leading force behind creation of a VR-powered online environment that promises to be like walking around in a video game or cartoon. Think of it as the web on steroids.
Meta intends to cash in on users seeking to customize their online personas, or avatars, with digital clothing and accessories.
Which is to say, it wants people to spend real money for make-believe goods that have no value in the real world.
(Excerpt) Read more at ktla.com ...
I wonder how long until we start seeing Larry Niven’s wireheads.
“Which is to say, it wants people to spend real money for make-believe goods that have no value in the real world.”
There’s a sucker born every minute.
any expensive items will be ripped within minutes of someone wearing it in a public room.
The metaverse is just trying to catch up to VRchat.
What a surprise! Well, maybe not....
Whatever happened to Second Life?
“...it wants people to spend real money for make-believe goods...”
Since the money’s increasingly make-believe, what’s the problem?
Still going with about a million users. And cheaper than this flimflam appears to be.
I was born between minutes.
Well played.
Then again, you still need groceries procured in meatspace.
What fun!
The real problem is that the metaverse will quickly become a multiverse as different providers offer different features and different prices.
It will end up being like streaming services. If you want to hobnob with Mickey Mouse, then you'll have to go to the one and only metaverse with Disney characters, etc.
Metaverse + Pod + UberSoylent = FutureLife
While they spend buckets of time in make believe land. Suckers seem to be the intended audience.
We all spend a certain amount of time and money on entertainment. “Metaverse” isn’t my thing - that would be books - but people who are already into video gaming might just shift resources.
Metaverse, NFT’s, Gold EFT’s, all sucker bait
“I was born between minutes.”
What altitude?
Yes, it makes a difference.
Zuck is an asshole , leading teams of snarky, intoletant,authoritarian assholes.
I hope a big Tiger shark.takes him in the waters off Kauai . Chomp!
It couldn’t happen to a more deserving person .
Never forget his this POS almost single handedly threw the 2020 election.
Never forget .
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.