Conversely, concerns remain over how NFTs and the metaverse will unfold under the umbrella of Meta. Privacy and data issues are still at the forefront of many people’s minds. Furthermore, Meta may underperform against some Web3 innovations, when you consider that Meta has proposed a 47.5% cut on the sale of any creators’ NFTs in their metaverse. This is not to be confused with displaying NFT PFPs (profile pictures/proof of picture) on Facebook and Instagram. Adam Mosseri, Head of Instagram, has stated that it will be free to display your NFTs. It’s worth noting that twitter opted for a $3 charge to display your NFT on their platform.
