Stepn founders' bright idea for its new NFT marketplace: compulsory royalties

2022/11/01 09:18

According to TheBlock, Stepn developer Find Satoshi Lab is bucking the trend set by other NFT marketplaces with its own multi-chain offering called Mooar — with a zero-fee, compulsory royalty structure. Launched today, the venture is the third project in the FSL ecosystem after the move-to-earn darling Stepn and its decentralized exchange product, Dooar. Mooar debuts with what the business calls a "unique membership model," as it eschews platform fees in favor of an initial entry fee of $29.90 a month for unlimited NFT trades. For context, the fee is nearly double what you might currently pay for a standard Netflix subscription. Royalties for creators will default to 2%, or within a 0.5% to 10% range, depending on what the creator chooses to set. It will initially launch on Ethereum and Solana.

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