Meta Developers Earn Up to $1 Million for Building Its Metaverse
• Tech giant Meta is reportedly paying its metaverse developers up to $1 million for their work.
• Despite this, the company’s Reality Labs division reported a large $13.7 billion loss over the course of 2022.
• Recently, two U.S. senators released a letter urging Mark Zuckerberg not to allow teenagers access to the metaverse platform Horizon Worlds, citing “serious risks”.
Meta Paying Millions To Metaverse Developers
Tech giant Meta — the parent company of Facebook, Instagram and WhatsApp — has been eyeing expansion into the metaverse for some time now, despite turbulent times in terms of development. Sources close to the company say its programmers working on virtual reality can earn total compensation from “$600,000 to packages approaching $1 million.”
Meta’s Reality Labs Division Reports Losses
At the beginning of the year, reports showed that Meta’s Reality Labs division lost $13.7 billion over the course of 2022 – marking it’s largest yearly losses recorded ever since then. Despite this setback, Mark Zuckerberg has been vocal about his commitment towards long-term vision for their metaverse expansion plans.
U.S Senators Urge Zuckerberg Not To Allow Teenagers Access To The Metaverse Platform
Recently, two U.S senators released a letter addressed to Mark Zuckerberg urging him not to allow teenagers access to the virtual reality platform Horizon Worlds due to “serious risks” posed by it being a “digital space rife with potential harms”.
Meta Pausing Nonfungible Token Support On Social Networks
On March 13th 2021, an executive at Meta tweeted that they are slowly stopping their support for nonfungible tokens on Facebook and Instagram in order focus on other ways of supporting creators and businesses during this time period instead.
Conclusion
Despite facing hurdles along its path towards metaverse expansion, it seems like Tech Giant Meta still remains committed towards achieving its ambitious goals in this sector by offering big money packages to developers building its metaverse and pausing support for nonfungible tokens on social networks so as to focus on other ways of supporting creators and businesses instead .
