Metaplex Stuns Lisbon with a Series of Grand Announcements

Share This Post

Fresh-thinking NFT ecosystem, Metaplex, recently stunned the good folk of Lisbon with a series of important announcements, including the creation of a vital new asset class – compressed NFTs and a collaboration with mischievous artist, Beeple.

Speaking at the Solana Breakpoint Conference in Lisbon, Metaplex voiced its own concerns regarding the ‘great creator royalty debate’. Essentially, pledging to create a brand-new Solana asset class that would manage royalty payments entirely on-chain to prevent collectors from simply avoiding the payment by using an optional royalty marketplace.

In addition, the Solana pioneer also announced the arrival of its innovative new ‘compressed NFTs’. An update that allows Metaplex to use on-chain compression to dramatically lower the storage and minting costs of NFTs, resulting in a protocol that can mint a remarkable 1 million NFTs for just 5 SOL, a 99.996% in the original cost.

Last but not least, Metaplex also revealed a new NFT art project with perhaps the most famous creator of them all, Beeple. Therefore, seeing the duo collaborate with the amazing Render Network to produce an interactive 3D NFT experience. One rumored to give collectors the chance to build their own ‘Everyday’ artworks from a set of randomized components.

Source NFT Plazas

spot_img

Related Posts

Fraggle Rock NFT Trading Cards Storm onto the Flow Blockchain

In a new partnership with Web3 company, ‘Tibles,’ the...

California DMV Drives NFT Car Titles onto the Blockchain

Though still novel, blockchain is being used more within...

Solana NFT Standard Lines Up a Major Overhaul

Some big changes are reportedly coming to Solana. As...

Love hits the Metaverse in The Sandbox Valentine’s Contest

The season of love is upon us and The...

NFTs Set to Shine as the Blockchain Economy Summit Heads to London

Over in the beating heart of the World’s financial...

Yuga Labs Clears the Murky Waters of its NFT Copyright

Yuga Labs is home to some of the most...
- Advertisement -spot_img