Find Satoshi Labs announces its third launch MOOAR, a multi-chain membership-based NFT marketplace that ensures royalty fees.
Cryptocurrencies, digital tokens, and digital assets are evolving along with the blockchain space. Non-fungible tokens (NFTs) are one of the fastest-growing sectors of the crypto sphere, and it has gathered a significant number of creators, developers, firms, and investors around the world. The robust potential of the NFT space has forced crypto firms to join the race. Find Satoshi Labs (FSL) recently launched a membership-based multi-chain NFT marketplace with mandatory royalty fees.
MOOAR: Road To The NFT World
Find Satoshi Lab Co-Founders Jerry Huang and Yawn Rong established STEPN, a move-to-earn app that generates crypto when a user exercises. Now the developing team has launched an NFT marketplace, MOOAR, that works on multi-chain to access the NFT industry. Furthermore, the team also launched a launchpad on Solana and Ethereum. This is the third project from the Find Satoshi Lab after launching STEPN, a lifestyle fitness app, and DOOAR, a decentralized exchange (DEX).
MOOAR uses a unique approach for its platform fees as a “unique membership model,” which integrates platform fees into an initial entry fee of $29.90 a month, for which users will be able to execute unlimited NFT trades. However, it is to be noted that users need to pay gas fees depending on the network an NFT is being traded. Moreover, the royalties for NFT creators will vary between a range of 0.5 -10% with a 2% default, depending on the network the creator mints an NFT. Initially, MOOAR will support the Ethereum and Solana networks for NFT trading.
Elaborating on this, Yawn Ron, Co-Founder of Find Satoshi Lab, stated, “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.”
A New Move In The NFT Marketplace
The launch of MOOAR creates fresh hype in the crypto sector amid the bearish market trend as STEPN’s parent company now looks bullish on expanding its operations through various sectors of the crypto space. Yawn Ron said, “Find Satoshi Lab is excited to expand our ecosystem by leveraging MOOAR and introducing externalities, thus adding more utility to GMT. With the creation of the MOOAR marketplace, FSL 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.”
MOOAR is a profile picture (PFP) NFT marketplace that is focused on creators providing exclusive benefits from the launch of a project to providing royalties. Yawn said, “We are looking forward to further our mission to educate and introduce millions of new Web2 users to Web3 and the world of NFTs, inspire a healthy lifestyle by gamifying exercise, and combat climate change.”
While NFT marketplaces like Magic Eden and LooksRare offer optional royalty fees, MOOAR makes it essential for an NFT creator to get a slice of their NFT when transferred to another user. MOOAR is inspired by the meme “bet MOOAR”, which NFT traders use as a play on “bet more,” ensuring royalty payments for each creator. Furthermore, MOOAR will closely work with the previous two launches by FSL to provide a smooth experience for crypto enthusiasts.
