NFT Project “Goblin” Upgrades Contract and Migration for 5% Royalty Rate
It is reported that the NFT project \”goblin\” Goblintown development company Truth Labs announced on social media that it would start the contract upgrade and mi
It is reported that the NFT project “goblin” Goblintown development company Truth Labs announced on social media that it would start the contract upgrade and migration, aiming to ensure the implementation of a 5% royalty rate in the future. In addition, the company also announced that it would update the metadata of Goblintown, Illuminati NFT, The187 and Grumpls four NFT series. According to disclosure by Truth Labs, the relevant NFT series will cease bidding on the Blur platform on April 13, 2023 Eastern Time. NFT will air drop new NFTs to current holders within 24 hours after contract upgrades and migrations, and will then enforce a 5% royalty rate on all collection series.
NFT project “goblin” Goblintown development company Truth Labs announced the launch of contract upgrade and migration
In recent news, the NFT project “Goblin” developed by Truth Labs has announced that it will start a contract upgrade and migration. The aim of this upgrade is to ensure the implementation of a 5% royalty rate in the future. Additionally, the company has also announced that it will update the metadata of its four NFT series: Goblintown, Illuminati NFT, The187, and Grumpls. According to Truth Labs, the relevant NFT series will cease bidding on the Blur platform on April 13, 2023 Eastern Time. NFT will air drop new NFTs to current holders within 24 hours after contract upgrades and migrations, and will then enforce a 5% royalty rate on all collection series.
What is the Goblin NFT Project?
In the world of cryptocurrency and blockchain technology, a non-fungible token (NFT) is a unique digital asset that is bought, sold, and traded. The Goblin NFT project is one such project where users can buy and own unique digital assets in various series. The Goblintown, Illuminati NFT, The187, and Grumpls series are four such series that the Truth Labs development company is now upgrading and migrating.
Why is the Contract Upgrade and Migration Important?
With the NFT market constantly evolving, it is important for series owners to keep up to date with technology and ensure the smooth running of their collections. The upgrade and migration of the Goblin NFT project will allow for the future implementation of a 5% royalty rate. This royalty rate will be enforced on all of the series in the project, ensuring that creators and owners receive a percentage of the profits made from any future sales or trades.
The Importance of Metadata Updates
Updates to the metadata of the Goblin NFT project’s four series will allow for more detailed information about each digital asset. This information can include things like the date of creation, artist information, and any additional history or provenance of the asset.
NFT Air Drop and the Enforced 5% Royalty Rate
After the contract upgrades and migrations, NFT will be airdropping new NFTs to current holders of the Goblintown, Illuminati NFT, The187, and Grumpls series. This airdrop will happen within 24 hours of the upgrades and migrations being completed. Afterward, the 5% royalty rate will be enforced on all collections in the Goblin NFT project.
Conclusion
In conclusion, the contract upgrade and migration of the Goblin NFT project are essential for ensuring future sales and trades of unique digital assets. The project’s four series, Goblintown, Illuminati NFT, The187, and Grumpls, will cease bidding on the Blur platform on April 13, 2023 Eastern Time, and the metadata of each asset will be updated. Afterward, current holders can expect a new airdrop of NFTs and the enforcement of a 5% royalty rate on all collections.
FAQs
1. What is a non-fungible token (NFT)?
A non-fungible token (NFT) is a unique digital asset that is bought, sold, and traded.
2. What is the Goblin NFT project?
The Goblin NFT project is a collection of unique digital assets that can be bought, sold, and traded on various platforms.
3. Why is the contract upgrade and migration important?
The contract upgrade and migration are important for ensuring future sales and trades of unique digital assets, as well as enforcing a 5% royalty rate on all collections.
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