Stepn founders' bright idea for its new NFT marketplace: compulsory royalties
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. Stepn’s move into the NFT marketplace business comes at a time when many other established players and new disruptors are shaking up revenue models — as a race to adopt the most competitive fee structures has emerged.
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