Just In
- 13 hrs ago Samsung Galaxy M15 5G Up for Pre-Order in India Ahead of April 8 Launch: Here’s How to Pre-Book
- 13 hrs ago Spotify Subscription Plans Could See a Price Hike in Several Key Markets: Report
- 14 hrs ago Realme C65 Budget Smartphone Launched with MediaTek Helio G85 SoC, 90Hz Display, 45W Charging
- 15 hrs ago Tecno Pova 6 & Pova 6 Neo Launched in India – Helio G99 Ultimate SoC, Up to 7000mAh Battery & 108MP Cameras
Don't Miss
- Sports SRH vs CSK IPL 2024: Four Batters Who Can Score Most Runs in Match 18
- Movies Rashmika Mandanna Birthday Special: Celebrating Her Most Memorable Characters In Films- Animal, Pushpa & More
- News Income Tax Officials Raid At DMK Leader R Avudaiyappan's Residence
- Lifestyle Rashmika Mandanna Birthday Special: 6 Stunning Looks Of The Animal Actor That Define Elegance And Glamour
- Finance Rs 2/Share Dividend At Face Value of Rs 5: Friday, 12th April Fixed As Record Date; Bet?
- Travel From Honeymoon to Solo Adventures: Devlok Manali is a Perfect Destination for Every Occasion
- Automobiles Hero Lectro H4 & H7+ e-Cycles Launched In India – Prices Start At Rs 32,499
- Education HRRL Recruitment 2024; 126 Vacancies, Application process, Salary details and more
Buying And Selling On Meta: How To Buy, Sell, Tax Details Of Items Of Horizon Worlds On Meta?
Meta, formerly Facebook, has been trying various ways as part of its money-making strategy. The tech giant's attempt at virtual reality advertainments didn't get the success it was hoping to make. Now, Meta is paving its way for another attempt. This time, Meta is pushing buying and selling of virtual items and effects, which the company has explained in a new blog post.
Meta Pushes Buying And Selling
The Meta blog post explains the new buying and selling of items and effects is currently on Horizon Worlds. For the unaware, Horizon Worlds is Meta's open-world VR where users can put on any avatar of their choice like cartoons.
Now, creators on Horizon World can sell in-world (or rather in-Meta) items like virtual clothes, accessories, character mods, and so on. Other users can use the platform to purchase these items. However, there's a catch. Meta is imposing a 25 percent tax on these transactions. The blog post mentions that only a small number of creators currently have the access to buy and sell on Meta.
"These types of tools are steps toward our long-term vision for the metaverse where creators can earn a living and people can purchase digital goods, services, and experiences," Meta said in its blog post. Presently, the buying and selling of items on Meta is still under testing, and will likely expand to more users over time.
How To Buy And Sell On Meta?
As mentioned earlier, buying and selling on Meta is still under testing. Here are the criteria for buying and selling on Meta:
Firstly, buying and selling of items will be limited to Horizon Worlds on Meta
Secondly, Users have to be 18 years or above in age to buy or sell on Meta
Third, all payments are processed via the Meta App Store
Lastly, the buying and selling of Meta are limited to the US and Canada for now.
Users should also note that buying items in one of Horizon worlds won't be transferrable to others. That said, Meta might eventually make these items available in other worlds and shared spaces. But this could take a while. It's unclear when the feature will arrive in India.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
25,377
-
12,500
-
68,999
-
23,990
-
1,25,999
-
18,999
-
36,999
-
38,999
-
1,17,840
-
35,000