Meta Desires 50% of NFT sales, Coke’s Metaverse Flavor and More in Nifty News Session


Recently, Meta has taken the steps in the Metaverse by launching new marketplaces for NFTs and new marketplaces for the apps. This will nearly take 50% of the commission on each sale. 

Meta has also announced the plans to charge the 47.5% on each item sold to the latest Meta Quest app store, including non-fungible tokens (NFT) when they are available.

This Meta Quest app store sells apps and games on the Horizon Worlds platform. This platform was formerly by the Meta to build its part of the Metaverse. 

CNBC reported on April 13 that the store may also sell NFTs. The fee is cut down as a hardware platform fee of 30% per transaction plus a 17.5% usage fee on Horizon Worlds.

Moreover, the Potential customers aren’t happy with what is displayed as an outrageously high cut. Even popular NFT collector Pranksy— who has nearly 400,000 Twitter followers, said it the “the greatest example of being completely and utterly out of touch with something that I have ever witnessed.”

If we compare the most popular NFT marketplace, OpenSea takes a flat 2.5% fee while its close competitor LooksRare charges just 2% per transaction. While Apple’s App Store takes a maximum 30% cut on sales.

Coca-Cola Bytes in Meta

Coca-cola is not new in the virtual world as this  American food giant has unveiled a new product. This new product is Coca-Cola Zero Sugar Byte, which was apparently born in the Metaverse. This product exactly tastes like pixels.

Moreover, the drink’s gimmick as a physical drink from the Metaverse includes the fact that it comes with an Island Code. This island code unlocks special maps and four mini-games on the popular Fortnite video game by Epic Games. 

Recently, Epic scored a $2 billion investment from Sony and LEGO to build its own part of the Metaverse. However, the Fortnite is actually a metaverse right now is debatable.

Enter the Mile-high NFT club in Metaverse

Just like Meta, Airline asset tokenization platform TravelX and Spanish airline Air Europa have partnered up to allow the airline to issue tickets in NFT form as NFTickets.

The specially-designed series of tickets grant owners a business class flight to Miami Beach on Nov. 29, 2022. There will be a total of 10 NFTickets auctioning off every 14 days on the Travel Exchange auction platform. The NFT collection will be up on the Algorand blockchain network.

The Eiffel Tower in Paris will host the event for the final bid of the first NFTicket to be released and sold during Paris Blockchain Week on April 14.

NBA Maybe Going Virtual

The National Basketball Association (NBA) has filed a patent application for a laundry list of items it wishes to make into “virtual consumer merchandise.” Among the 37 items that could become NFTs are game tickets, collectables, and player autographs.

The wide array of virtual items is paving the way for the league. They want to enter the Metaverse as it appears applications for everything. However, the playing surface has been submitted.

NBA players are already in NFT form on NBA Top Shot by Dapper Labs.

Other Nifty News

Japanese gaming mainstay Sega wants to include cloud technology and NFTs into its Super Game project. This game will connect different games together. While NFT collectors may applaud the decision, some in the gaming community disagree with the move.

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