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Meta tests features to monetise the metaverse

Economy
12 April 2022 16:46 (AEST)

Source: Nurphoto/Reuters

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.

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