Source: Nurphoto/Reuters
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Facebook owners Meta starts testing features, which will enable creators to sell items and experiences within its virtual reality platform, Horizon Worlds
  • The testing will be conducted with a select group of the platforms users, who are creating games, virtual classes, and fashion accessories
  • The users will be able to sell their products or offer paid access to digital spaces they have created
  • The company is also testing a creator bonus program, in which participants will be paid when using newly launched features

Facebook parent company, Meta has started testing features, which will enable creators to sell items and experiences within its virtual reality platform, Horizon Worlds.

The testing will be conducted with a select group of the platforms users, who are creating virtual classes, games, and fashion accessories.

Users will be able to sell their products or offer paid access to digital spaces they have created.

The company is also testing a creator bonus program, in which participants will be paid when using newly launched features.

Chief Executive Officer Mark Zuckerburg said this is an important step in monetising the platform.

“If you just sort of imagine some future metaverse at some point down the line, clearly the ability to sell virtual goods and to be able to take them with you from one world to another is going to be an important part of it,” he said.

“But first, there need to be things that people want to buy in order to get that economy going.”

The social media giant shifted its focus towards virtual and augmented reality last year in hopes to accelerate its presence in the metaverse.

More From The Market Online

Well below US$5K/oz, gold’s surefire status as a safe haven has shifted

In the post-COVID-19 world, it’s almost definitely news to nobody reading this that gold prices have staged a fairly historic run.
The Market Online Video

From the Wire: Why did the RBA cut last year just to walk it all back 12 months later?

The Reserve Bank of Australia made the call to hike interest rates again in CY26, using its second board meeting to bring them
ASX concept

ASX 200 reacts to an RBA 25bps rate hike by… closing somewhat firmly in the green?

Colour me surprised – the ASX200 successfully priced something in for once, with today’s RBA rate hike not scaring the market down into
India Russia flag

Not just AUKUS indexes: USA’s war on Iran visible on India’s NIFTY; Russia’s MOEX

While the Australian market is busy watching Wall Street, gold, and oil prices – and the prices of relevant stocks exposed to those