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The ‘metaverse’ is increasingly looking like a scam
KTLA ^ | 4/13/2022 | David Lazarus

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 ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events; Unclassified
KEYWORDS: meta; zuckerberg
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To: who_would_fardels_bear

“NPCS trading NFTs”

LOL. Nails it.


21 posted on 04/13/2022 5:09:34 PM PDT by Pearls Before Swine
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To: EBH

Aside from the sexual predators chasing your Grandchildren...


22 posted on 04/13/2022 5:34:58 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: EBH
Subscription based virtual reality
Universal Basic Income (UBI)
Federal Crypto wallet and FedBucks currency

(A Barcalounger and a bag of Cheetos)

?

23 posted on 04/13/2022 6:05:53 PM PDT by Chuckster (Friends don't let friends eat farmed fish)
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To: EBH

“Here, lemmings, lemmings, lemmings”

What fools...


24 posted on 04/13/2022 6:15:39 PM PDT by Adder (Proud member of the FJBLGB community: /s is implied where applicable.)
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To: EBH

Porn.

That is all.


25 posted on 04/13/2022 6:38:55 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: EBH

what a sick degenerate society America has become


26 posted on 04/13/2022 7:06:02 PM PDT by imabadboy99
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To: EBH

FTA: it wants people to spend real money for make-believe goods that have no value in the real world.

The Big Bang Theory - The Zarnecki Incursion
Penny: Oh, hi! I was just dropping off a cheesecake to Sheldon. He was robbed of a bunch of imaginary crap that’s useful in a make-believe place.
Priya: I don’t know what that means.
Penny: Yeah, well, sadly, I do.


27 posted on 04/13/2022 10:46:45 PM PDT by minnesota_bound (Need more money to buy gas)
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To: Seruzawa

LOL!


28 posted on 04/14/2022 8:19:51 AM PDT by Captain Compassion (I'm just sayin')
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