Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
One way it's enabling that is through letting creators sell NFTs, or non-fungible tokens, through its Horizon Worlds platform.

Meta's vice president of Horizons, Vivek Sharma, told The Verge that the nearly 50% commission is "a pretty competitive rate in the market,"

These two quotes tell me that they are comparing it to art galleries. It is typical that art galleries will charge an artist a 40-60% commission on anything that sells. This is on the sale price, not the net. Sometimes this is even on top of a fee to show in the gallery.

Meta is trying to say the platform is art and not applications and therefore demands a "modest" 47.5 percent.
 
  • Haha
Reactions: Enlightened Doggo
I am not a Facebook fan, I have an account only to use the Quest 2 and my account is locked down, no friends, no public anything, simply the base info needed to use my Quest 2.
Same here, in that I got off of Facebook about 3 years ago and had to get back in just to be able to get / use the Quest 2. Originally they allowed access via Facebook or a separate Oculus account, but they deprecated that 2nd option and mandated you MUST have a Facebook account to use it. Annoys me...
 
Deactivated Facebook years ago and haven't missed it at all. I'm better connected with my actual friends than ever before, because we have to actually take initiative to keep up with each other. Facebook isn't real socialization and I expect Meta to be more of the same.
 
I was never really into Facebook. I only went on there from time to time to scope out some coupons and sales. Another was some of my social groups posted their news and schedules on there. These days, I have family and friends who use it a lot, so I do go on every few months to see what's happening (nice since we long grew apart, across the country), but nice part is that doesn't take more than a few minutes per visit

Same here, in that I got off of Facebook about 3 years ago and had to get back in just to be able to get / use the Quest 2. Originally they allowed access via Facebook or a separate Oculus account, but they deprecated that 2nd option and mandated you MUST have a Facebook account to use it. Annoys me...
I've known some who called off the Oculus when Facebook was a requirement. One of my tech groups covered some ways to "have your cake and eat it too"... do the bare minimum to fulfill that requirement while keeping as much of your data on your own as possible (setting up another FB account, and other things to with your IP, etc.)
 
Oh the hypocrisy... complaining about 30% and then charging 50% is laughable. If they wanted to be greedy they could have kept it at 30%. We all know they will take all the data they gather and sell it. Shame on them.
 
It's still an open standard. There's nothing really stopping anyone from making any website they want and putting it up on the internet.
I’m not saying it’s not an open standard, it’s just an open standard where the vast majority of stuff people are doing on it is for profit or within closed communities/services. Remove all the for profit stuff, remove all the closed communities from today’s internet and what’s left wouldn’t even be recognizable. Meta’s just one more thing built on top of those same open standards for data delivery, display, transfer, networking, etc. You just get some neat goggles to view it with.

there is no global tax that some new innovator must pay in order to build a website and sell online.
Depends on if you want to sell a little or a lot. Actually, even if you want to sell a little, if you’re not making enough to defray the costs of the network connection, the power for the web server (and authentication) not to mention the raw materials cost of the thing you’re selling (if physical, or you time of development/support if digital), then it’s not worth even putting it out there. That’s the very real “tax”.

Even if a person DOESN’T want to sell, no one is going to host their content for free, they’re going to lace it with ads. I think most of rosy image of the “glory days” of the internet were experienced by folks in their college years who had access to it for “free” (tuition). The active and vibrant internet we know today has always been about profit, Meta gets there in a more streamlined fashion such that that it would be child’s play for a metaverse macrumors to exist from day one.
 
Deactivated Facebook years ago and haven't missed it at all. I'm better connected with my actual friends than ever before, because we have to actually take initiative to keep up with each other. Facebook isn't real socialization and I expect Meta to be more of the same.
Which is a good thing for them as it appears, whether it’s Twitch or YouTube or FaceBook or Instagram or TikTok, people LOOOOOVE themselves some “not real socialization”. :)
 
This is a very broad reading of market. Traditional monopoly is if Meta is so much more powerful than all other virtual platforms AND they engage in anti-competitive behavior against them and consumers.

Sure, but not in all jurisdictions there is need to establish a "traditional monopoly" for the anti-trust to be able to intervene. In the EU a strong enough market position is sufficient although it would not correspond to a traditional monopoly.
 
What a mess, Mark. The tools are now barely usable, bizarre & random communication, this metaverse nonsense... man.
 
  • Like
Reactions: sorgo †
50%? Ha! So glad I quit FaceBook years ago. Don’t miss it at all. I asked my teenage niece & nephew if they used FB & what they thought of the “Metaverse”. They just laughed and said FB was for OLD people. 😂
 
  • Haha
Reactions: sorgo †
Did I miss something? Is there stuff to buy in the Metaverse? What would anyone buy? Clearly only stupid people, but still--what would they buy?
 
Which is a good thing for them as it appears, whether it’s Twitch or YouTube or FaceBook or Instagram or TikTok, people LOOOOOVE themselves some “not real socialization”. :)
False equivalency. The other three platforms are more producer/consumer entertainment oriented, whereas Facebook is all about pretending to be about nurturing friendships. Most people you speak to really hate Facebook. Hard pass.
 
  • Like
Reactions: turbineseaplane
Did I miss something? Is there stuff to buy in the Metaverse? What would anyone buy? Clearly only stupid people, but still--what would they buy?

Experiences, I guess. It’s really no different from buying tickets to a movie or concert where I don’t end up with anything tangible at the end of the day.

That said, I find this goes back to a lot of what I have previously said about the competition wanting to regulate Apple not for the sake of empowering developers or users, but for their own financial gain.

Companies like Epic Games, Match Group, and Facebook essentially want the ability to run their own app stores on iOS. The goal isn’t just to distribute their own communication service or gaming platform outside of Apple’s control, but also sell third-party services. Essentially, they want what Apple currently has with the App Store but without investing in the related technologies and platform. To them, paying Apple even a cent more than what they absolutely have to is referred to as unfair, monopolistic, and corrupt on Apple’s part.
 
  • Like
Reactions: suns93
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.