informa
2 min read
article

Meta confirms Horizon Worlds creators must pay fees of up to 47.5 percent to sell virtual goods

"Over time, we plan to bring Horizon Worlds to more platforms and so the platform fee won't always be going to Meta."

Meta has confirmed that anyone looking to sell virtual wares in its Horizon Worlds metaverse will be charged platform fees of up to 47.5 percent.

As reported by Business Insider and confirmed by a Meta spokesperson, the company formerly known as Facebook has begun testing virtual sales insides its Horizon Worlds metaverse platform, letting creators sell digital items and effects.

"Someone could make and sell attachable accessories for a fashion world or offer paid access to a new part of a world," said Meta, explaining how those transactions might take shape in a recent blog post.

In doing so, however, Horizon Worlds sellers will be charged the Meta Quest's standard 30 percent platform fee -- and will also need to pay Horizon Worlds' own 25 percent sales fee on top of that.

"If a creator sells an item for $1.00, then the Meta Quest Store fee would be $0.30 and the Horizon Platform fee would be $0.17 (25 percent of the remainder), leaving $0.53 for the Creator before any applicable taxes," a Meta spokesperson told Business Insider, breaking down the math.

"Over time, we plan to bring Horizon Worlds to more platforms and so the platform fee won't always be going to Meta. As Horizon Worlds rolls out to more platforms like mobile, we expect those platforms to charge their own fee. The Horizon Worlds fee which is 25 percent of the remainder would be applied after any relevant hardware platform fee has been applied."

Meta said it will begin testing Horizon Worlds' monetization tools with a "handful" of creators, but confirmed the ability to buy and sell virtual products its part of its "long term vision for the metaverse."

Latest Jobs

Studio Pixanoh LLC

Los Angeles, California
05.20.22
Combat Designer

Treyarch

Playa Vista, California or Vancouver, BC
05.20.22
AI Engineer

Question

Remote
05.20.22
Lead Level Designer (South Park)

Remedy Entertainment

Helsinki Metropolitan Area, Finland
05.23.22
Rigging Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more