Meta Tests Sale of Virtual Goods in Metaverse

A woman holds a smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
A woman holds a smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
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Meta Tests Sale of Virtual Goods in Metaverse

A woman holds a smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
A woman holds a smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Meta, the parent company of Facebook and Instagram, will give content creators the opportunity to sell virtual items to users in Horizon Worlds, its main platform in the metaverse, the company said Monday.

"For example, someone could make and sell attachable accessories for a fashion world or offer paid access to a new part of a world," the Californian tech group said in a press release, AFP said.

The metaverse, touted by Meta and other companies as the future of the internet, consists of a set of parallel "universes" accessed primarily through augmented and virtual reality platforms.

It already exists in a basic way in the form of video games such as Minecraft, Fortnite and Roblox and social platforms such as Horizon Worlds, and VRChat, where people come together not only to play, but also to interact and participate in events.

Meta, whose income is overwhelmingly dependent on large-scale targeted advertising, has made it its mission to make a major contribution to the emergence of the metaverse, and is staking out its place in the next battle for the public's attention.

To that end, the social networking giant is seeking to attract content creators who are likely in turn to attract more new users.

It had already set up a $10 million fund for creators on Horizon in October, where more than 10,000 different "worlds" already exist, according to the company.

"While we’re launching this today as a test with a handful of creators to get their feedback, these types of tools are steps toward our long-term vision for the metaverse where creators can earn a living and people can purchase digital goods, services, and experiences," Meta said.

The company also plans to test bonuses for creators who achieve certain goals -- such as "building worlds that attract the most time spent."

These bonuses will not be "subject to fees and will be paid to creators in full," Meta said, unlike revenue from virtual items, which is subject to a commission.

Horizon Worlds has more than 300,000 users in the United States and Canada, according to an article by the specialized site The Verge published in February.



Beijing Vows to ‘Safeguard’ Rights if EU Bans Telecom Suppliers

21 January 2026, China, Beijing: Guo Jiakun, spokesman for the Chinese Foreign Ministry, answers questions from journalists. (dpa)
21 January 2026, China, Beijing: Guo Jiakun, spokesman for the Chinese Foreign Ministry, answers questions from journalists. (dpa)
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Beijing Vows to ‘Safeguard’ Rights if EU Bans Telecom Suppliers

21 January 2026, China, Beijing: Guo Jiakun, spokesman for the Chinese Foreign Ministry, answers questions from journalists. (dpa)
21 January 2026, China, Beijing: Guo Jiakun, spokesman for the Chinese Foreign Ministry, answers questions from journalists. (dpa)

Beijing vowed on Wednesday that it would "safeguard" the rights and interests of Chinese businesses if the European Union pushes on with plans to ban "high-risk" foreign telecoms suppliers, a move seen as targeting China.

Brussels unveiled the proposal on Tuesday as part of plans to revise its cybersecurity rules in a bid to bolster Europe's defenses against a surge in cyber attacks.

It did not name any country or company as a target, but has taken an Increasingly tough stance on trade issues with China, often citing security concerns.

China's foreign ministry spokesman Guo Jiakun told reporters on Wednesday the move amounts to protectionism by the bloc.

"We urge the EU to avoid going further down the wrong path of protectionism, otherwise, China will inevitably take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises," Guo told a news conference.

The plans would see the European Union block third-country companies from European mobile networks if they are deemed a security risk, building on previous measures in 2023 that saw Chinese companies Huawei and ZTE excluded from networks.

Guo warned that the EU plans would again incur "huge" economic costs.

"It is naked protectionism. Behavior that wantonly interferes in the market and goes against the laws of economics not only fails to achieve so-called security but also incurs huge costs," he said.

Brussels took the new step after the 2023 measures failed to yield enough change across the 27-country bloc.


Saudi Arabia, Japan Explore AI and Digital Government Collaboration

The Saudi Minister of Communications and Information Technology met with Japan's Minister for Digital Transformation in Davos. SPA
The Saudi Minister of Communications and Information Technology met with Japan's Minister for Digital Transformation in Davos. SPA
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Saudi Arabia, Japan Explore AI and Digital Government Collaboration

The Saudi Minister of Communications and Information Technology met with Japan's Minister for Digital Transformation in Davos. SPA
The Saudi Minister of Communications and Information Technology met with Japan's Minister for Digital Transformation in Davos. SPA

Saudi Minister of Communications and Information Technology Abdullah Alswaha met with Japan's Minister for Digital Transformation Hisashi Matsumoto during the Kingdom's participation in the World Economic Forum (WEF) in Davos.

The meeting focused on expanding the partnership between the two countries in digital government, AI, digital capability development, and the empowerment of entrepreneurship.


Taiwan Says It Will Lead ‘Democratic’ High-Tech Supply Chain with US

Taiwan's Vice Premier Cheng Li-chiun speaks at a press conference about US-Taiwan trade deal in Taipei, Taiwan, January 20, 2026. (Reuters)
Taiwan's Vice Premier Cheng Li-chiun speaks at a press conference about US-Taiwan trade deal in Taipei, Taiwan, January 20, 2026. (Reuters)
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Taiwan Says It Will Lead ‘Democratic’ High-Tech Supply Chain with US

Taiwan's Vice Premier Cheng Li-chiun speaks at a press conference about US-Taiwan trade deal in Taipei, Taiwan, January 20, 2026. (Reuters)
Taiwan's Vice Premier Cheng Li-chiun speaks at a press conference about US-Taiwan trade deal in Taipei, Taiwan, January 20, 2026. (Reuters)

Taiwan aims to build a "democratic" high-tech supply chain ​with the United States and form a strategic AI partnership under the new tariffs deal it sealed with Washington last week, Taipei's top negotiator in the talks said on Tuesday.

US President Donald Trump has pushed the major producer of semiconductors, which runs a large trade surplus with the United States, to invest more in the US, specifically in chips that power AI.

Under the terms of the long-negotiated deal, chipmakers like TSMC that expand US production will incur a lower tariff on semiconductors or related manufacturing equipment and products they import into the US and will ‌be able ‌to import some items duty-free. Broad tariffs that apply to most ‌other Taiwanese ⁠exports ​to ‌the US will fall from 20% to 15%.

Taiwan companies will also invest $250 billion to boost production of semiconductors, energy and artificial intelligence in the US, while Taiwan will also guarantee an additional $250 billion in credit to facilitate further investment.

Speaking to reporters in Taipei, Vice Premier Cheng Li-chiun said the deal was not about hollowing out Taiwan's chip industry, which is so important for the economy it is widely referred to as the "sacred mountain protecting the country".

"This is not supply-chain relocation; rather, it is ⁠support for Taiwan's high-tech industries to extend their strength abroad - through addition, and even multiplication - to expand a strong international footprint in ‌the United States," she said.

CHIPMAKER INVESTMENTS

Under the agreement, chipmakers that ‍expand in the US will be able ‍to import up to 2.5 times their new capacity of semiconductors and wafers with no ‍extra tariffs during an approved construction period. Preferential treatment would apply to chips that exceed that quota.

Cheng said Taiwan has secured preferential treatment in advance under any future Section 232 measures on semiconductors, which is an ongoing US national security investigation into imports of key products like chips and pharmaceuticals.

"As for what the actual ​Section 232 semiconductor tariff will be in the future, (US Commerce) Secretary Lutnick recently mentioned a possible rate of 100%, but this remains undecided," Cheng said.

"Regardless, under any ⁠future tariff scenario, we have ensured that the US will grant Taiwan the most favorable treatment: zero tariffs within the quota and preferential tariffs even outside the quota."

In an interview with CNBC last week, US Commerce Secretary Howard Lutnick said that if companies do not build in the US, a tariff would likely be 100%.

"In the past we said, 'Taiwan can help'," Cheng added, referring to Taiwan's past efforts to help the international community during the COVID pandemic and other crises.

"We hope in the future it will be "Taiwan-US can lead,' with the two sides joining forces and, under the wave of AI, working together to build a high-tech supply chain for the democratic camp. This is our strategic objective."

The US is Taiwan's most important backer and arms supplier, despite the lack of formal diplomatic ‌ties. Beijing claims the democratically governed island as its own and has not ruled out the use of force to achieve its goals.