#NFT Project “Goblin”: Goblintown Development Company Upgrades and Migrates Contract to Ensure 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 migration, aiming to e
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
The NFT world is abuzz with exciting news as Goblintown Development Company’s Truth Labs announces that it is upgrading and migrating the contract of their NFT project “Goblin.” The move is aimed at ensuring the implementation of a 5% royalty rate in the future, a significant development in the NFT space. In addition, the company is also updating the metadata of Goblintown, Illuminati NFT, The187, and Grumpls, four of their top NFT series.
##What is Goblintown Development Company’s Goblin and Their NFT Series?
To those not yet familiar with Goblin, it is an NFT (non-fungible token) project consisting of eight unique collections, each designed to cater to different interests and tastes. Goblintown Development Company is the team behind this project, and Truth Labs is responsible for the contract audits and security.
The four NFT series currently undergoing metadata updates are as follows:
1. Goblintown: This is the main NFT series of Goblin, featuring unique fantasy creatures and a vintage game aesthetic.
2. Illuminati NFTs: A set of NFTs that focuses on symbols, numerology and mysticism.
3. The187: A series of NFTs with a “wild west” theme, inspired by the legend of Billy the Kid.
4. Grumpls: This series features cute, alien-like creatures in various poses and expressions.
##Upgrade and Migration of Goblin Contract and the 5% Royalty Rate
Truth Labs clarified that the relevant NFT series will cease bidding on the Blur platform on April 13, 2023, Eastern Time, after which the contract upgrades and migrations will take place. The company announced that it would airdrop new NFTs to current holders within 24 hours after the upgrades and migrations. The upgrade, whose aim is to ensure the implementation of a 5% royalty rate on all collections, is undoubtedly a significant development in the NFT space.
But what does this mean for Goblintown Development Company, the creators of Goblin, and their loyal community of NFT collectors and enthusiasts? The answer is simple. The 5% royalty rate means that every time a Goblin NFT is transacted, 5% of the transaction will go back to the creators. This development ensures that creators retain value in the long-term and that the community continues to receive quality NFTs.
##FAQs
1. How many NFT series are there in Goblintown Development Company’s project, Goblin?
Ans: There are currently eight NFT series in the Goblin project.
2. What is the main NFT series of Goblin, and what is its theme?
Ans: Goblintown is the main NFT series of Goblin, featuring unique fantasy creatures and a vintage game aesthetic.
3. When will the relevant NFT series cease bidding on the Blur platform?
Ans: According to Truth Labs, bidding for the relevant NFT series will cease on April 13, 2023, Eastern Time.
##Conclusion
In conclusion, the decision by Goblintown Development Company’s Truth Labs to upgrade and migrate their contract is undoubtedly a significant development in the NFT space. The announcement of a 5% royalty rate on all collections is equally exciting news for the creators and community. The new development ensures creators retain value in the long-term and that collectors and enthusiasts continue to enjoy quality NFTs.
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