Overlord: CREEPZ NFT will migrate to the new contract in the morning of March 3

It is reported that Overlord announced on social media that the Creepz NFT series will be upgraded comprehensively to promote the ecological acceleration development. The series will be migrated to the new contract at 1:00 p.m. on Thursday, March 2 (2:00 a.m. on March 3, Beijing time). After the upgrade, it will support cross-chain, soft pledge, and royalty functions.

Interpretation of this information:

The message announces that Overlord, a company that specializes in the production of non-fungible tokens (NFTs), will be upgrading their Creepz NFT series comprehensively for the purpose of promoting ecological acceleration development. This means that the existing NFT series produced by Overlord will undergo significant improvements that will enhance their functionalities and capabilities.

The upgrade is scheduled to take place at 1:00 p.m. on Thursday, March 2. This means that the existing NFTs in the Creepz series will be migrated to a new contract which will support cross-chain, soft pledge, and royalty functions. This update will allow for NFTs to be transferred across different blockchain networks, making them easier to trade and more widely accessible.

In addition to cross-chain support, the upgraded NFTs will also include soft pledge functionality. This refers to a process where owners of NFTs can choose to temporarily transfer the ownership of their tokens to another party. This feature allows for greater flexibility and collaboration between NFT owners, and could potentially lead to greater innovation and creativity within the NFT market.

The final feature included in the upgrade is the royalty function. This means that creators of NFTs in the Creepz series will receive a percentage of the sale price each time the NFT is sold in the secondary market. This will incentivize creators to continue producing high-quality NFTs, while also providing a more equitable system for creators to receive compensation for their work.

Overall, the announcement of the comprehensive upgrade to the Creepz NFT series demonstrates Overlord’s commitment to innovation within the NFT market. By providing increased functionality and capabilities, the NFT series will be better suited to the ongoing growth and development of the industry. Furthermore, the inclusion of soft pledge and royalty functions will encourage greater collaboration and incentivization for creators of NFTs, which ultimately benefits all stakeholders in the ecosystem.