Meta Began Testing Its Metaverse Money Making Tools

Facebook owner Meta Platforms said on Monday that the company is beginning to test tools to sell digital assets and experiences in its virtual reality platform Horizon Worlds, which is a key part of its plan to create Metaspace.

Meta said in a statement that these tools will initially be available to a carefully selected group of users who are creating virtual courses, games and fashion accessories on the company’s immersive platform, which can be accessed through VR helmets.

By using a tool, these selected users will be able to sell their accessories or provide paid access to the dedicated digital space they have established, the company said.

The social media giant is also testing the “creator bonus” program for a small number of Horizon Worlds users in the United States, through which it will pay participants who use the company’s new features every month.

 

Mark Zuckerberg

CEO Mark Zuckerberg said in a dialogue with early adopters:” We hope to have a large number of awesome worlds. In order to achieve this goal, we need a large number of creators to support themselves and make it their work.”

Facebook’s parent company changed its name to Meta last year and made a lot of investment in virtual and augmented reality to reflect its new bet on metaverse, a futuristic idea that users can work, socialize and entertainment there by accessing the virtual environment network through different devices.

The company is competing with emerging virtual world players, where land, buildings, avatars and even names can be bought and sold as unforgetable tokens or virtual assets based on blockchain. The market for these assets grew explosively last year, with sales prices sometimes reaching hundreds of thousands of dollars.

Meta’s Horizon Worlds is a broad VR social platform. Horizon Venues focuses on virtual activities and is an early iteration similar to meta space.