Find Satoshi Lab (FSL), the Web3 development and gaming studio behind STEPN, today announced the launch of MOOAR, a multi-chain NFT marketplace on Solana and Ethereum.
MOOAR joins STEPN and DOOAR, a decentralized exchange, under the umbrella of the FSL ecosystem.
NFT Marketplace MOOAR
MOOAR is a creator-centric NFT marketplace, with a royalty policy of 0.5-10%, with a default 2% when a collection is minted.
The platform consists of an NFT marketplace as well as an NFT release platform, integrating two essential services into one platform.
Launch Day! Get #MOOAR! 🧡
Find Satoshi Lab (@FSLWeb3), the company behind STEPN, is thrilled to announce the launch of MOOAR NFT marketplace & launchpad.
This milestone is one of many on our roadmap to become a one-stop platform for the Web3 Community. ⬇🧵 [1/10] pic.twitter.com/IfSSo2RWaS
— MOOAR | Season #1 (@mooarofficial) November 1, 2022
Users will be able to buy and sell NFTs, vote for their favorite project on the launch pad, and even earn account levels for more perks, all without paying for the service.
With MOOAR, FSL is initiating its first injection of new utility for STEPN’s native token, $GMT to create value for the entire FSL ecosystem, where its three projects work together to drive a self-sustaining model without the need for members to pay additional service fees outside of the initial platform fees.
Given the intense debate around zero or optional royalties in the NFT space, MOOAR wrote in a blog post:
Commenting on the issue, Yawn Rong, co-founder of Find Satoshi Lab said:
“FSL believes that creators deserve royalties, so we have decided to use royalties for MOOAR. We believe that zero service fee is only sustainable through a membership model, and for FSL and the industry as a whole to sustain, we must value our creators. We look forward to advancing our mission to educate and introduce millions of new Web2 users to Web3 and the world of NFTs, inspire a healthy lifestyle through exercise gamification, and combat climate change.”
Priced at $29.90 per month, MOOAR’s membership model aims to cover development and maintenance costs. FSL says the membership fee is offset by the 0% service fees on MOOAR, which usually translates into substantial savings.
For example, if one exchanges a Bored Ape Yacht Club (BAYC) NFT for 60 ETH on a marketplace that charges 2% platform fees, that fee would cover 5 years of MOOAR membership from that transaction alone.
MOOAR is offering a free membership to STEPN users who own Genesis Sneakers, have run more than 1,500 km or have given out more than 50 activation codes. The duration of the free membership will be based on criteria met and eligible users should have received an email from STEPN with more information.
What will MOOAR offer users?
MOOAR sounds like a super exciting and well-developed platform with a lot of opportunities for the future.
The MOOAR launchpad is going to be a brand new launchpad in the NFT ecosystem, with the idea of being consistent and staying true and passionate to the creators.
The launchpad will act as a community driven hackathon using $GMT for voting and governance. $GMT will also serve as the native token of the ecosystem.
MOOAR is offering a subscription fee to use its NFT marketplace and launchpad. This price will be $29.90 per month and will include all benefits.
Royalties will be between 0.5% and 10%, with the default being 2% unless otherwise stated. With a 0% service fee and a gamified trading experience, you can level up as you trade and get more (or MOOAR!) for your money.
However, STEPN users will get some additional perks. As a thank you to the huge STEPN community, a MOOAR membership will be given away to those who meet certain criteria.
This is just one of many perks for STEPN users. See this thread and this article for more information on this.
In addition, users can get a free membership by checking out MOOAR to claim a free month’s membership to try out the new platform.
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