'The Fly Can Hurt A Larger Animal:' Axie Infinity Founder Slams Facebook Parent Over 50% Metaverse Tax

Axie Infinity (AXS) co-founder Jeff Zirlin, also known as “The Jiho,” is picking up a battle with Facebook parent Meta Platforms Inc FB

What Happened: Zirlin decried the “50% tax” on digital goods transactions imposed by the Mark Zuckerberg-led social-media goliath on Sunday.

Zirlin said he would keep tweeting about Meta “until they fight back. I’m punching up and ignoring the buzzing gnats.”

“The fly can only hurt a larger animal by making it overreact,” said Zirlin.

See Also: How To Get Free NFTs

Why It Matters: Axie Infinity is a non fungible token-based (NFT) game involving Pokémon-like creatures called Axies. The game developed by Vietnamese studio Sky Mavis runs on Ethereum’s ETH/USD blockchain. 

Earlier this month, Meta said it would charge creators in its metaverse a 47.5% fee for all sales. An Insider report revealed it will charge a 30% fee for sales made on its VR system and another 25% for sales on its Horizons World metaverse.

Apple Inc AAPL earlier this month said Meta's plan to charge creators "significantly more than any other platform" laid bare its hypocrisy. 

Price Action: At press time, Ethereum traded 2.7% lower at $2,842.29. On Friday, Meta Platforms closed 2.1% lower at $184.11, according to data from Benzinga Pro.

Read Next: Binance Recovers $5.8M Stolen In Axie Infinity's Ronin Hack

Photo courtesy: Axie Infinity

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Posted In: GamingNewsSocial MediaTechGeneralAxie InfinityEthereumJeff ZirlinMark Zuckerbergmetaverse
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