To bridge the gap between web2 and web3, Find Satoshi, a game-maker and web3 development company, founded Mooar, a multichain, non-playable token trading platform (NFT).
MOOAR will be released to back up NFTs made on SOL and ETH. Depending on the GMT token holder’s choice, additional NFTs from both blockchains may be supported on the trading floor, which will also feature fresh artworks. A dedicated launch pad will also be built. As previously mentioned, for secondary market transactions, MOOAR will demand a royalty payment of 5% to 10% of the sale price.
In contrast to many other marketplaces, MOOAR users will have to pay about thirty dollars each month as a transaction payment fee.
The system requirements
A monthly expense of over $30, however, might not seem like much to professional traders when compared to the standard fees. The company’s team uses a subscription model, just like the majority of Web2 services. The task is still challenging.
Earlier this summer, the Solana company saw the start of this trend. It benefited from rival platforms eating into Magic Eden’s leading platform’s market share. This policy was eventually adopted by Magic Eden, and creator royalties were eliminated. This is happening on the ethereum market, and last week LooksRare spoke out against payments to artists.
The discussion
Find Satoshi’s efforts to develop the ecosystem around Stepn is MOOAR, on which he has been working for months. The studio’s June-launched redistributed trading system, which has the most active wallets in Solana. In other words, the creators of Stepn didn’t just start a marketplace to fight the no royalty payments trend. In the opinion of company managers, the NFT market sells taking priority over royalties determined by authors is a denial of Web3 values.
When the value of cryptocurrency tokens skyrocketed last spring, Stepn saw a surge in popularity, with the platform reportedly reaching 3 million monthly active users. The mobile app uses a “move-earn” strategy to motivate users to work out while rewarding them with cryptocurrency tokens.
Prior to receiving rewards, players must acquire and put on NFT-based shoes. . The excitement over the game’s launch this year was short-lived, however, the company still thinks MOOAR will be Stepn-led and a “powerful hub” that adds value to the GMT system in general.