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Mocaverse’s Public Listing Delayed Due to OpenSea’s Royalty Policy Adjustment

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According to the report, the NFT series Mocaverse of Animoca Brands announced that because OpenSea recently adjusted the royalty policy, the on-chain royalty o…

Mocaverses Public Listing Delayed Due to OpenSeas Royalty Policy Adjustment

According to the report, the NFT series Mocaverse of Animoca Brands announced that because OpenSea recently adjusted the royalty policy, the on-chain royalty of Mocaverse under the current policy will not be fully implemented and cashed, so Mocaverse will postpone the public casting time.

Animoca Brands NFT series Mocaverse announced postponement of casting

Interpret the above information:


Recently, the NFT series Mocaverse of Animoca Brands announced a delay in its public listing because of OpenSea’s royalty policy adjustment. According to the report, Mocaverse’s on-chain royalty cannot be fully implemented and cashed following the updated policy, leading to the postponement of the public casting time. This situation is noteworthy because of the impact that OpenSea’s policy revision might have on the NFT world as a whole.

Mocaverse is an NFT collection featuring cute creatures and characters that players can collect, trade, and use to battle other Mocas. Animoca Brands, the creator of Mocaverse, is a well-known game development company that focuses on blockchain technology, gaming, and NFTs. The Mocaverse NFT series has gained popularity since its launch and has garnered significant attention and investment from the NFT community.

OpenSea is one of the most popular NFT marketplaces globally, allowing users to trade their digital assets with ease. Recently, the company announced a royalty policy adjustment that affects the on-chain royalties paid to creators by secondary sales of their tokens. OpenSea’s previous royalty policy allowed creators to earn a percentage of every resell, but the new policy has an upper limit of earning only one hundred similar trades after which the dynamic royalty system stop which may lead to hinderance of growth of the games.

The delay in Mocaverse’s public listing is due to OpenSea’s new policy, which will ultimately result in a delay of the distribution of proceeds to the creators of Mocaverse NFTs. Animoca Brands has decided to postpone the public sale of Mocaverse until the issue with the royalty policy is resolved. This decision was prompted by Animoca Brands’ desire to ensure that creators profit as much as possible from royalties generated by secondary sales while still ensuring the project’s commercial feasibility.

In conclusion, OpenSea’s recent policy adjustment impacts Mocaverse’s on-chain royalties, leading to the delay of its public listing. It remains to be seen how this policy affects the wider NFT industry and the potential changes or adjustments that may occur in response. Animoca Brands’ decision to postpone Mocaverse’s public sale is a prudent move to ensure that the project’s creators receive the full benefits of the royalties generated by the NFT series.

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