Animoca Brands NFT series Mocaverse announced postponement of casting

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.

Interpretation of this information:

Animoca Brands’ NFT series Mocaverse has announced that it will delay the public casting time due to the recent adjustment in royalty policy by OpenSea. Mocaverse, a blockchain-based gaming platform, was expected to use the on-chain royalty model to implement the royalty policy. However, under OpenSea’s revised policy, the on-chain royalty model will not be fully implemented, resulting in an inability to cash in on the royalties. Consequently, Mocaverse has decided to postpone the public casting time until they can figure out an alternative solution for royalty distribution.

The use of non-fungible tokens (NFTs) has opened a new avenue for game developers to monetize their creations. Through NFTs, game assets can now be sold as digital commodities, allowing developers to implement royalty models that allow the creators to receive a percentage of the sales whenever their NFTs are traded through secondary markets. OpenSea, the leading marketplace for NFTs, recently adjusted its royalty policy, which has a significant impact on the Mocaverse platform since it relies on the on-chain royalty model for royalty distribution.

The postponement of the public casting time could be seen as a strategic move by Animoca Brands. With the current limitations in the royalty policy, it makes business sense to put off the public release until the company can work out an alternative on-chain solution for royalty payment. Animoca Brands will be able to create a better experience and guarantee the royalty expectations of its users, which will be crucial in maintaining customer trust.

In conclusion, the recent adjustment in royalty policy by OpenSea has significantly impacted Animoca Brands’ Mocaverse platform, leading to the postponement of the public casting time. The use of NFTs has been instrumental in changing the game development industry and creating a new avenue for monetization. The postponement of the public release could be seen as a strategic move by Animoca Brands to ensure a better user experience that meets the expected royalty income.