Meta all set to test money-making tools and creator bonuses for metaverse

April 13, 2022

By Sharan Kaur Phillora

Facebook owner Meta Platforms is ready to test tools for selling digital assets and experiences within its virtual reality platform Horizon Worlds, as a key part of its plan for creating a metaverse, it said on Monday.

Here’s what we know

Meta stated in a statement that the tools will indeed be available to a select group of users who really are producing virtual lessons, games, or fashion items on the company’s immersive platform, which is accessible via VR headsets.

Those selected individuals will be able to sell their accessories or give paid access to specialized digital environments they have created using a single tool, according to the business. The social media behemoth is also experimenting with a “creator bonus” scheme for a select group of Horizon Worlds users in the United States, in which it will pay members each month in using new features that the firm introduces.

“We intend them to be tonnes of wonderful worlds, and in order to make this happen, there appear to be a lot more creators who really can sustain themselves & make this their profession,” Facebook CEO Mark Zuckerberg stated in an avatar-based interaction with early adopters.

Land, buildings, avatars, and even names can be bought and sold as non-fungible tokens, or blockchain-based virtual assets, in which the corporation competes with up-and-coming virtual world competitors.

Last year, the market for these items skyrocketed, with sales fetching hundreds of thousands of dollars. Horizon Worlds, a large VR social network, and Horizon Venues, a virtual event platform, are early incarnations of metaverse-like environments from Meta.

The Facebook parent company, which last year changed its name to Meta, has made significant investments in virtual and augmented reality to reflect its new bet on the metaverse, a futuristic concept of a network of virtual environments accessed via various devices where users can work, socialize, and play.


About the author

Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.

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