The manufacturer of mobile moneymaking game Stepn has launched an Ethereum and Solana NFT market called MOOAR. It has a monthly subscription fee, plus the royalties it forces creators to set. A launch pad will be used to cast new NFT projects. The following is a detailed report of relevant content.

A new game to earn money appears

In the recent series of NFT markets that refuse creator royalties, whether through zero royalty or optional royalty model, a surprising new challenger has emerged: MOOAR. A creator of the mobile earning game Stepn, it has a unique membership model - and imposes royalties.

The MOOAR released today supports NFT made on Ethereum and Solana, and it is not just Stepn's own digital sneakers. The market also supports other NFTs from the blockchain, and will have its own launch pad for launching new projects by external creators, which will be decided by the GMT token holders.

MOOAR will impose royalties set by the creator on secondary market sales

A fee between 0.5% and 10% of the selling price. Unlike many markets that charge their own fees, MOOAR will charge users a monthly subscription fee of $29.90 for transactions. Shiti Manghani, the chief operating officer of Stepn developer Find Satoshi Lab, admitted to Decryption that it may be very challenging to find users of the Web3 platform with a monthly subscription fee, rather than extracting a small part from each NFT sale. However, for serious traders, the monthly expenditure of nearly $30 seems to be a drop in the ocean compared with the usual fees.

Manhani said: "Like most utilities in Web2, whether Netflix or Amazon Prime, we have experienced the membership mode, which is not an easy thing. It is not easy to build and develop, and we are fully aware of this. But we are driven by long-term value."

MOOAR was launched after a series of actions were taken in the competitive market. These actions either ignored the royalties of creators or let traders decide whether to honor them. As some people said, it was a "bottom race", because competitors weakened each other in this process and affected the income flow of creators.

This trend started in Solana Space earlier this summer, but accelerated rapidly in the past few weeks, because competitors evading royalties encroached on the market share of the top platform Magic Eden. Magic Eden finally followed this practice, making the creator's royalties unnecessary. The same is true of Ethereum. Last week, looks launched a campaign against royalties.

MOOAR has been working for several months, which is the latest measure taken by Find Satoshi to expand the ecosystem around Stepn. The studio had previously launched its own Decentralized Exchange (DEX), named DOOAR, in June. As far as active wallet is concerned, it is the most used DEX on Solana.

epilogue

In the past few weeks, Stepn developers have not only launched their own markets to resist the anti royalty trend. But when asked about the team's position, Manghani enthusiastically defended why many creators believe that continuous royalties are not only an important source of income, but also the key to the decentralized Web3 spirit.