As it eyes to transform itself into a metaverse leader, Facebook owner – Meta Platforms – is all set to launch its first physical store. The company’s CEO, Mark Zuckerberg, revealed that the brick-and-mortar “Meta Store” will open on May 9 at the company’s Burlingame campus in California. Here, customers can explore and purchase virtual reality headsets and other gadgets in a 1,550-square-foot retail place.
Meta is trying new initiatives to meet the headwinds of an evolving digital landscape. The company had lost $10 billion on its Reality Labs segment managing the metaverse initiatives. Despite this, Zuckerberg intends to focus on the same and expects its ambitious metaverse project would take at least a decade or more to be fully developed.“The Meta Store is going to help people make that connection to how our products can be the gateway to the metaverse in the future.
earlier testing new tools for the creators on the virtual reality platform Horizon Worlds by allowing a handful of them to sell virtual assets within the worlds they build.cut of up to 47.5% on the sale of digital assets, along with an additional 17.5% fee charged by Horizon, can very well deter the adoption of the metaverse project shepherded by the world’s biggest social media company.
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