Creators of STEPN Game Debut NFT Marketplace
- Find Satoshi Lab, the creators of Move-To-Earn game STEPN (GMT) have debuted a multi-chain NFT marketplace called MOOAR, which is the third project of the firm’s ecosytem.
- MOOAR has been debuted to “empower traders and creators through a unique membership model with zero platform fees and no optional royalties.”
- The NFT marketplace will “enable community members to create and launch their own collections on MOOAR’s launchpad and will actively reward the creators as well.
The creators of STEPN, a self-styled “Web3 lifestyle app” with GameFi elements on the Solana blockchain, Find Satoshi Lab, have debuted an NFT marketplace according to a statement which has been titled MOOAR. The announcement comes at a time when the trading volume of NFTs is declining and the general interest in blockchain-based art is also at an all-time low, according to the data from Google Trends.
Find Satoshi Lab, which describes itself as a Web3 gaming and development studio founded in 2021 with a mission to bridge Web2 to Web3, confirmed that the multi-chain NFT marketplace is the third project that the firm has debuted in the crypto space preceeded by the Move-To-Earn game STEPN and DOOAR, a decentralized exchange (DEX).
The Find Satoshi Lab ecosystem continues to expand its user base and there might be more projects lined up in he near future as well. MOOAR has been debuted to “empower traders and creators through a unique membership model with zero platform fees and no optional royalties” and “enable community members to create and launch their own collections on MOOAR’s launchpad.”
It has yet to be seen if MOOAR will be as popular as STEPN which broke all records in the DeFi gaming industry due to its fresh Move-To-Earn concept wherein users were asked to move and their steps were counted to reward them with GMT tokens, whose value surged significantly over the past few months.
Find Satoshi Lab’s Co-Founder Yawn Rong stated that the firm is excited to expand its ecosystem by “leveraging MOOAR and introducing externalities, thus adding more utility to GMT.” Furthermore, with the creation of the MOOAR marketplace, the creator of STEPN is now a “fully self-sustaining ecosystem, removing the need for the community to use external platforms, simplifying the experience, and better supporting the community.”
“FSL believes that creators deserve royalties, which we have decided to utilize royalties for MOOAR. We feel the zero service fee is only sustainable through a membership model, and for FSL and the greater industry to sustain itself, we must value our creators,”
Rong added.
The community members of Find Satoshi Lab will now have access to almost everything that they would want under one roof which was the goal from the start as per the co-founder of the firm. Now, the firm aims to educate and introduce millions of new Web2 users to Web3 and the world of NFTs with the debut of the MOOAR multi-chain NFT marketplace.
Additionally, Shiti Rastogi Manghani, COO of STEPN, told CoinDesk that MOOAR has been created keeping in mind the creators of NFTs and as a result, the platform will fairly compensate the creators.
“You can already see on some of the platforms that have started the 0% royalty fee, that the downward trend on volumes is a sign of things to come,” said Manghani. “This is why we’re taking such a hard and strong stance, that we want to stand by creators and we want to enforce this rule in the fee structure.”
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
