Mark Zuckerberg's social media giant formerly known as Facebook has announced plans to monetize its work-in-progress Metaverse, and creators are irate at how large a cut the company intends to take.
As CNBC reported earlier in the week, Facebook is letting some creators sell assets in its Metaverse. Meta confirmed to CNBC that it will be getting a flabbergasting 47.5 percent cut, though the company didn't list the fees.
metaverse creators aren't happy with this figure.
The future of work is giving Meta 47.5 percent of your salary, according to one user.
Can I get a percentage of the money you've made from selling my data?
Another joked that he was going to start referring to Meta as "MySpace 2.0."
Check out some of the funniest responses below.
Don't you want to help a needy billionaire?
BREAKING: Meta plans to take 50% commission on all NFTs sold in its "metaverse"
Yeah, good luck with that Mark.
— Bankless 🏴 (@BanklessHQ) April 13, 2022
There are thoughts and prayers up.
Zuckerberg: Apple's 30% App Store fees are outrageous
Also Zuckerberg: Meta is going to charge up to 47.5% creator fees in its metaversehttps://t.co/DxUm6xPKXw
— Mike DAOdas (🏌️♂️, ⛳️) (@mdudas) April 12, 2022
Meta taking 47.5% of every sale on their NFT marketplace shows their complete lack of market research and understanding of the space
We don’t need a greedy out of touch billionaire middlemanning our assets pic.twitter.com/osbraNkaPq
— OKHotshot (@NFTherder) April 13, 2022
This is not feasible in the world of web3.
They said it all.
Meta plans to take a 50% cut on virtual asset sales.
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