Meta has announced plans to take a cut of up to 47.5% of all digital asset sales on its virtual reality platform Horizon Worlds, the company’s first step to creating its “metaverse”.

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Earlier this week, the social media giant announced in a blog post that it is letting select Horizon Worlds creators sell digital assets within its virtual world. However, Meta failed to mention how much they will charge creators to sell them.

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“The ability to sell virtual items and access to things inside the worlds is a new part of [the] e-commerce equation overall,” Zuckerberg said. “We’re starting rolling this out with just a handful of creators, and we’ll see how it goes, but I imagine that overtime, we’ll get to roll it out more and more.”

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We now know Meta will take a 47.5 percent cut on every asset sold in Horizon Worlds. This cut includes a “hardware platform fee” of 30 percent for sales made through the Meta Quest Store, in addition to Horizon Worlds charging a 17.5% fee.

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This comes after Meta CEO Mark Zuckerberg took a swipe at Apple charging app developers a 30 percent fee for in-app purchases. In November, Zuckerberg explained Meta plans to make it easier for developers to earn more for their work, saying:

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“As we build for the metaverse, we’re focused on unlocking opportunities for creators to make money from their work. The 30% fees that Apple takes on transactions make it harder to do that, so we’re updating our subscriptions product so now creators can earn more.”

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