This Week in Startups Meta's 47.5% take rate + Worldcoin CEO Alex Blania: onboarding the globe to crypto | E1434
Apr 13, 2022
Alex Blania, CEO of Worldcoin, discusses his groundbreaking crypto project that aims to distribute tokens to over a billion people through iris-scanning technology. He dives into the unique challenges of proving identity while maintaining privacy and security. Blania also addresses the current controversies surrounding Worldcoin, such as concerns about biometric data. Additionally, the conversation touches on Meta's steep 47.5% fees for creators on their platforms and explores the broader implications of these developments in the crypto landscape.
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Meta's High Fee
- Meta's 47.5% creator fee in Horizon Worlds is high compared to other platforms.
- This fee structure creates an opportunity for competitors like Apple or Microsoft.
Justification for High Fees
- Meta's high fees are justified by the immense costs of developing and maintaining the Oculus platform and Horizon Worlds.
- Similar to Apple's App Store, Meta argues their platform enables developers to monetize their work.
Definition of a Platform
- Chamath Palihapitiya defines a platform as one where the value to users exceeds the company's value.
- Meta aims to create such a platform with their investments in VR and the metaverse.