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Animoca Brands’ NFT series Mocaverse faces delay in public casting due to OpenSea’s royalty policy adjustment

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According to the report, the NFT series Mocaverse of Animoca Brands announced that because OpenSea recently adjusted the royalty policy, the on-chain royalty o…

Animoca Brands’ NFT series Mocaverse faces delay in public casting due to OpenSea’s royalty policy adjustment

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.

Animoca Brands NFT series Mocaverse announced postponement of casting

Interpretation of the news:


Animoca Brands, a Hong Kong-based company specializing in blockchain, gamification, and artificial intelligence technologies, recently announced that the public casting of its NFT series called Mocaverse, which was scheduled to happen on September 30, 2021, would be postponed due to OpenSea’s recent adjustment in royalty policy.

The company stated in a report that the on-chain royalty of Mocaverse, which is a type of blockchain-based digital asset, under the new policy, will not be fully implemented and cashed, leading to a delay in the public casting process. The royalty policy is a set of rules that determines the percentage of revenue that creators of NFTs receive from their secondary sales in digital marketplaces.

According to Animoca Brands, OpenSea, the world’s largest NFT marketplace, is a key player in the royalty fee policy, and any modifications made by them directly affect artists and creators. The company argues that developers of blockchain games and NFTs need a stable and predictable royalty model to protect their interests and reduce risk.

The Mocaverse is a series of NFTs that features a unique hybrid of anime, video game, and blockchain technologies, creating not only the first global blockchain-based game franchise but also a brand new anime universe. Animoca Brands has been developing and testing Mocaverse for more than two years, and the delay may affect the project’s momentum and the expectations of investors and fans.

The postponement of Mocaverse’s public casting represents the latest example of the regulatory and policy uncertainties that are affecting the digital asset space, and the broad ripple effects that policy and platform changes can have on the ecosystem.

In conclusion, the delay of Mocaverse’s public casting due to OpenSea’s royalty policy adjustment is a significant setback for Animoca Brands, as the project is one of the most ambitious and innovative NFT series to date. The incident highlights the challenges that blockchain-based projects face in an unregulated and ever-changing environment and the necessity of a clear and predictable regulatory and policy framework for the industry to reach its full potential.

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