Meta CEO Mark Zuckerberg revealed Wednesday that the company is developing a digital wallet for the Metaverse that will allow people to manage their digital items, identities and payments.
“Ideally, you can log in to get any metaverse experience and be able to buy whatever the metaverse sells,” he wrote in a Facebook post. “There’s still a long way to go to get there, but this Interoperability will provide better experiences for people and greater opportunities for creators.”
Meta, formerly Facebook, isn’t the only company betting its future on the virtual world. The creation of a metaverse will also provide people with the opportunity to buy and sell digital goods such as clothing, art, music and experiences.
In April, Meta said it was testing new ways for creators to make money in its social VR experience Horizon Worlds but reportedly planned to take a cut of up to 47.5 percent of sales of those digital goods. This month, Meta also launched digital stores on Facebook, Instagram and Messenger, where people can buy digital clothing from luxury brands such as Balenciaga, Prada and Thom Browne.
Zuckerberg didn’t say in his post if users would have to pay to use the digital wallet in the virtual world, or when the company plans to release the product, but added that it would benefit creators because “you can The more places you can easily access your digital wallet items, the more you value them.”
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