How to kill your metaverse + All the Web3 news you missed this week
www.web3roundup.xyz
This week Meta (aka Facebook) announced that they will take a 47.5% commission on digital asset transactions in their metaverse. Its hard to understand the decision making process at Meta that led to what seems like an unbelievably high commission rate for a product that needs to attract a broader creator/developer ecosystem and has very minimal consumer interest. Power has clearly been shifting more towards creators - I can’t see how an oppressively high commission rate is going to attract the highest talent creators.
How to kill your metaverse + All the Web3 news you missed this week
How to kill your metaverse + All the Web3…
How to kill your metaverse + All the Web3 news you missed this week
This week Meta (aka Facebook) announced that they will take a 47.5% commission on digital asset transactions in their metaverse. Its hard to understand the decision making process at Meta that led to what seems like an unbelievably high commission rate for a product that needs to attract a broader creator/developer ecosystem and has very minimal consumer interest. Power has clearly been shifting more towards creators - I can’t see how an oppressively high commission rate is going to attract the highest talent creators.