NYC Web3: TLDR
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NYC Web3: TLDR

Is Meta’s cut on digital goods 25%?!?!

Zuck continues forward with his biggest bet to date. To virtually destroy all his enemies in 1–1 combat. Also, to testing the buying and selling of virtual goods. Rumors have it that Meta plans to take a whopping 25% cut off goods sold. If this is true, any virtuous marketing about helping the creator community falls flat. Most of these goods can already sell on markets like OpenSea for around 2.5%. Digital goods on the blockchain are also transferrable across marketplaces as well. Does Meta plan to lock this down? I would not be surprised.

Web3 has enabled creators to make more and keep more of their revenue. If Meta trying to be Amazon what became of DTC, we may have a problem. Amazon undercuts mom and pop sellers with their Amazon basic brands. They also can be necessary evil to get your business of the ground to their size and the number of eyeballs they get.

This is why Meta’s wants to be the Amazon of Digital goods with Horizon Worlds (formerly Facebook Horizon). A free virtual reality, online video game that allows people to build and explore virtual worlds. If they can get enough people into their bubble, they will be able to ride the next metaverse cycle up to another few billions.

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Written by: WarBiscuitNFT

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NYC Web3

NYC Web3

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