Meta announced that their metaverse offering, Horizon Worlds, will carry a 47.5% fee on goods sold within the platform. Why does this matter? The debate emerging around the split between web2 and web3 rests on a few tenets—one of the largest being extractive fees by middlemen. One of the core visions of web3 is user ownership of data, which seeks to balance the power that platforms have over their users with the ability of users to shift to new platforms if they so choose.
Meta's 47.5% Tax on the Metaverse
Meta's 47.5% Tax on the Metaverse
Meta's 47.5% Tax on the Metaverse
Meta announced that their metaverse offering, Horizon Worlds, will carry a 47.5% fee on goods sold within the platform. Why does this matter? The debate emerging around the split between web2 and web3 rests on a few tenets—one of the largest being extractive fees by middlemen. One of the core visions of web3 is user ownership of data, which seeks to balance the power that platforms have over their users with the ability of users to shift to new platforms if they so choose.