Uttar Pradesh News Desk

Zoombies World to Launch No Commission Royalty Standard NFT Market on Moonriver

 Breaking News
  • No posts were found

Zoombies World to Launch No Commission Royalty Standard NFT Market on Moonriver

January 06
00:50 2022
Cardinal Entertainment has announced the upcoming launch of their ‘Zoombies’ collectibles NFT Auction Market on Moonriver.

A new marketplace for non-fungible tokens is coming soon to Moonriver. The first of its kind, the ZOOM Auction Market is a no commission model supporting the NFT Royalty Standard – meaning users are not charged a commission when they sell NFTs or other tokens on the platform and NFTs that support EIP-2981 will receive the royalty split. 

Until now, many NFT markets have charged a commission on the sale of items. This is where the ZOOM Auction Market differs. People will be able to buy and sell Moonriver NFTs using ERC20 tokens without paying a commission to the market. Instead, users will burn ZOOM tokens in order to list items in the auction.

The first of the company’s upcoming ZOOM service centers to launch, the ZOOM Auction Market is a strong indicator of the exciting things to come for the ZOOM economy surrounding Zoombies on Moonriver. Zoombies is a play-to-earn NFT collectible trading card game built around the in-game “ZOOM” token. Players can mint NFTs in the game and earn ZOOM tokens in the process. Just over 10% of all Moonriver wallets hold the ZOOM token. The ZOOM token and ZOOM NFT token have consistently held the #1 and #2 token positions on the network since the game’s launch in September 2021.

Burning ZOOM in the market will help to manage inflation in the game, adding value to the ZOOM economy. This is part of the company’s overall goal to give back to the supporters of Zoombies in the form of increased token value. “Our supporters have been critical to the growth of Zoombies. Many of them also bought ZOOM tokens during our token sale and we are committed to adding more play-to-earn value for them”, says the company’s CEO, Ryan Price. 

There are several other ZOOM economy utilities being developed including Zoombies NFT Garden land plots, a battle arena and services for managing collections and trading. These “service centers” aim to further increase the value of the ZOOM token and provide an even deeper return for players.

According to DappRadar, NFT trading volume surged in the third quarter of 2021 to $10.67 billion. That’s a 704% increase from the previous quarter with no signs of a slow down. The third quarter of 2021 also saw in-game crypto items generate $2.3 billion in trading volume. This represents 22% of the total NFT trading volume. The ZOOM Auction Market hopes to cater to some of this trade volume with support to add approved Moonriver ERC20 tokens and NFTs in the near future.

“We are really hoping that our market will add another layer of value for people wanting to buy and sell Moonriver NFTs or tokens. Our no commission model combined with support for the EIP-2981: NFT Royalty Standard means that Zoombies players as well as independent artists and crypto traders can use the ZOOM market to really further their portfolio in a real way.” “The EIP-2981: NFT Royalty Standard gives you a percentage of the sale price each time your NFT creation is sold on any marketplace that supports the standard. This means that original content creators stand to gain from every sale of their work for as long as it keeps selling. We are really excited to offer that value-add to the users of our market.”

The ZOOM Auction Market is currently in community beta testing with a live launch scheduled in the coming weeks.

Join the company’s Discord to be notified about this project and invited to live beta testing here: https://discord.gg/eDXvJKUZgQ

Media Contact
Company Name: Cardinal Entertainment
Contact Person: Ryan Price
Email: Send Email
City: Toronto
Country: Canada
Website: https://zoombies.world

Related Articles