Mark Zuckerberg says Meta will test Horizon Worlds virtual sales
Facebook CEO Mark Zuckerberg and an Olympic medalist fence in the “Metaverse” during a live-streamed virtual reality conference. The screen grab is from the October 28th 2021 video.
via Reuters| via Reuters
MetaMark Zuckerberg is the CEO. He wants it to be easier to buy and make money with Horizon Worlds virtual reality platform. It’s an integral component of Meta’s plan to create a metaverse.
This video, which was released late Monday night as part a blogpost, the tech billionaire said that Meta is testing new tools that allow creators to sell virtual assets and experiences within the worlds they build on Horizon.
The ability to access virtual worlds and sell virtual goods is an exciting new feature. [the] e-commerce equation overall,” Zuckerberg said.
We’re just starting to roll this out, with a few creators. I’ll let you know how it goes. But, I think that we’ll eventually get more people involved.
Meta suggested that one could sell and make attachable accessories in fashion-oriented environments or provide paid access to new areas of a world.
What’s Horizon Worlds?
Horizon Worlds (formerly Facebook Horizon) is a free virtual reality, online video game that allows people to build and explore virtual worlds.
Meta released the game in U.S., Canada on December 9th. However, it has not yet been rolled out globally.
Companies and individuals have bought everything in the virtual worlds of platforms such as Decentraland, The SandBox and other online marketplaces over recent months. Snoop Dogg is a rapper who has acquired virtual land. a fan paid $450,000 in December to buy a plot next door to him on The Sandbox.
Although buying and selling digital assets was not possible before Horizon Worlds, the company now realizes that there are opportunities for money in the metaverse. Indeed, Citi Bank estimatesThe metaverse economy is estimated to be worth $8 trillion to 13 trillion dollars by 2030.
“The metaverse — by nature of its not being limited by physical space — will bring a new level of creativity and open up new opportunities for the next generation of creators and businesses to pursue their passions and create livelihoods,” Meta said in the blogpost.
Meta will now pay certain U.S. creators of virtual worlds for their hard work, in addition to the in-world purchase.
Zuckerberg explained that “people who build awesome worlds, it’s basically just about setting up some money to help compensate and reward them for their awesome work here in Horizon.”
Bonuses will be awarded based upon monthly goals-oriented programs. Creators receive a payment at the end for each month’s progress towards their goal.
Meta stated that creators would be paid for creating worlds that attract the highest amount of time. According to Meta, the company may change the way creators will be measured and rewarded in the future.
Meta established a $10 Million Horizon Creators Fund in October. It is unclear what additional Meta will set aside to pay Horizon Worlds creators, or how much they can make.
One of the wealthiest people on earth, Zuckerberg said that creator monetization was crucial because everyone needs to make money and support themselves.