Crypto and blockchain initially appeared to be the greatest place for digital artists and others who produced various NFTs. Most marketplaces had built-in features that automatically took a percentage of the sale and transferred it to the creator. This allowed artists whose NFTs took off in value to benefit from the future sales of their artwork addressing the struggling artist idea that has taken root in society. 

With the markets struggling numerous NFT marketplaces have pivoted to rejected creator royalties utilizing the model of either zero or optional royalty models. In my eyes, this is not a good thing as previously this benefit for creators put crypto and blockchain above the rest. This NFT marketplace, MOOAR, was developed by Find Satoshi Lab the creators behind the Move-To-Earn game STEPN. Recent moves by Find Satoshi Labs had made it appear to those glancing by that they might be winding down STEPN that is far from the case though as this helps them further build out their ecosystem. 

In STEPN there are two different cryptos in play. One has an unlimited number that can be minted called GST, green satoshi token, and another called GMT which has a maximum supply of 6,000,000,000. GMT's purpose is to serve as a utility role not only within the STEPN app but now in the MOOAR app as well. Currently, GMT is mostly used in STEPN for upgrading shoes but with the rollout of MOOAR now GMT holders will have a stake in MOOAR's marketplace. 

To me, it is easy to write off another NFT marketplace launch as we have seen more and more of them come out each with its own twist. MOOAR though enforces royalties as I mentioned before which sets it apart from others. The Find Satoshi Labs team also made sure when launching it to give it utility as it supports NFTs minted on both Ethereum and Solana and has its own launchpad to debut new projects from outside creators that the GMT holders vote on. 

There is one other thing that sets this marketplace apart and is a unique idea that I look forward to seeing how it plays out. Instead of the platform getting a cut of the sale price like OpenSea and LooksRare do MOOAR will charge users a monthly subscription fee to transact. For people who are in the game of buying and flipping NFTs this could be a huge perk but at the same time also create an additional barrier for entry for newcomers to the space. Given the bear market conditions, a $30 subscription or $1,200 a year is just pennies when people are spending tens of thousands of dollars on NFTs. The amount of money that would be saved would rapidly add up to cover this. 

Find Satoshi Lab does have a lot of forward momentum right now. It has had enormous success with its previous products and announcements like this explain to the community why STEPN development had slowed down so much. The team has been working on this project for months and is now launching it really in an entirely different landscape than they expected. Before they had launched MOOAR they had launched what is now the most popular DEX on Solana.

Called DOOAR, honestly I do not understand their naming but this appears to be their thing now, this DEX is extremely popular and was only launched in June meaning it has really kicked off running. Having had two extremely successful dapp launches is no easy feat and while the hype around STEPN has died down looking at it now with this whole ecosystem being able to generate GMT from it is a key feature that will ensure it is around for the long haul. 

In the next few weeks as more and more attention and effort are directed at this dapp we will see if Find Satoshi Lab can go 3 for 3 in its dapp ecosystem. While both GST and GMT are down significantly for the year most cryptos are and unlike many FSL is just giving their tokens more and more utility with each new product they offer! 

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