🔸 The Metaplex explosion 🧨
▫️ The Metaplex Foundation and
the Solana Foundation will set up network fees.
🧵 Thread #42👇
▫️ tl;dr
▫️ @metaplex and @solana have agreed to set network fees.
▫️ Fees will fund immutability standards and protocols.
▫️ These are compressed NFTs, pNFTs,
Candy Machine, and eco upgrades.
▫️ This leads to a discussion.
😇 I know, the title is clickbait.
twitter.com/metaplex/status/1660714910148337689?s=20
▫️ The Metaplex Foundation is an on-chain system that artists can use to open their own NFT stores on the Solana blockchain.
It provides an open-source framework for managing stores without going through a central authority.
35.9 million NFTs had already been minted.
▫️ Metaplex and the Solana worked together to get Token Metadata (TM) to its final, finished, and permanent state.
Token Metadata won't be able to be modified anymore
Solana will charge network fees to fund immutability standards and protocol development.
twitter.com/SolanaFndn/status/1660724640770039831?s=20
▫️ The goal to create a secure, decentralized, and censorship-resistant digital asset market.
The new payments will start in the next few days
and range from 0.01 SOL to 0.001 SOL.
▫️ These are the facts.
In this case, it is difficult to come to a conclusion.
I will leave this to @SlorgoftheSlugs,
who wrote a brilliant 🧵 on this subject:
twitter.com/SlorgoftheSlugs/status/1661175063079714818?s=20