In an announcement, Meta declared that on every item sold on its Meta Quest app, it plans to charge 47.5%, including NFTs when they are made available.
The Meta Quest app store sells games and apps on the Horizon Worlds Platform, which Meta is using to develop its part in the Metaverse. As per the reports of CNBC, the store also plans to sell NFTs. A 30% fee is per transaction along with a 17.5% usage fee on Horizon Worlds. Many believe it to be a high fee.
Pranksy, a famous NFT collector with a following of 400,000 on Twitter says it is the “greatest example of being completely and utterly out of touch with something that I have ever witnessed.”
OpenSea, the leading NFT marketplace, has just a 2.5% fee while LooksRare charges 2% per transaction. Meanwhile, Apple’s App Store takes a maximum 30% cut on sales.
Coca-Cola Launches Coca-Cola Zero Sugar Byte
On the other hand, the well-known brand Coca-Cola has launched a new product called Coca-Cola Zero Sugar Byte. The new product is born out of metaverse and has a pixel-like taste.
The drink apparently comes from an Island coke in Metaverse that unlocks four mini-games on Epic Games’ popular Fortnite video game and special maps. Recently, Epic secured a $2 billion investment from LEGO and Sony to develop its part of the Metaverse. Although whether Fortnite is even a metaverse could be argued.
The product will be available in China, the United States, and Latin America, and is scheduled to launch on May 2.
What’s Up With NFTickets?
Spanish airline Air Europa and Airline asset tokenization platform TravelX have collaborated to enable airlines to give tickets in NFT form as NFTickets.
The owners of these unique series of tickets will get to travel in a business class flight to Miami Beach on Nov 29, 2022. With the NFT collection distributed on the Algorand blockchain network, 10 NFTickets will be auctioned every day for 14 days on the Travel Exchange auction platform.
On Thursday, during the Paris Blockchain Week, the Eiffel Tower in Paris will play host to the event and will witness the final bid of the first NFTicket to be released.
NBA To Go Virtual?
The National Basketball Association (NBA) has applied for a patent application for a laundry list of items that it wants to convert into “virtual consumer merchandise.”
Collectibles, Player autographs, and Game tickets are among the 37 items that could be turned into NFTs.
Meanwhile, Dapper Lab has already immortalized NBA players in the NFT form on NBA Top Shot.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/04/15/meta-to-charge-47-5-on-nft-sales-spanish-airline-to-issue-nftickets-coca-cola-metaverse-drink-more/