Truth Labs Launches Its Own Marketplace, Here Are The Details!
Recently, Truth Labs, the team behind Goblintown, Grumpls, and the Illuminati NFT Collections have announced that they have officially launched their very own NFT marketplace.
Truth Co-founder Alexander Taub, tweeted the announcement through his Twitter, explaining that the marketplace itself was built in collaboration with Snag Solutions.
Related: Truth Labs Is Launching Their Own NFT Marketplace For Goblintown!
About The Marketplace
The Truth Marketplace, as its being referred as, will be a place for holders of all of Truth Labs’ NFT collections to buy or sell their NFTs.
In the Truth Marketplace, you’ll be able to purchase any Truth related collections.
This includes @the187, @goblintown, @secretsociety, Grumpls, @McgoblinBurger, Illuminati DAO token, UNDAO, Believer Passes, Merch Passes, and more. pic.twitter.com/JT5iTRCbTV
— Alexander Taub (🔺👁🔺) (@ajt) September 22, 2022
The marketplace will also have a 5 percent royalty fee, which it claims will go towards continuing to build both the project as well as further develop the marketplace.
Taub also claims that unlike other marketplaces like OpenSea which has been dealing with a lot of issues surrounding locked NFTs, the Truth marketplace will have high requirements in order to mark an NFT as “suspicious” or “stolen”, meaning that holders will most likely not have their NFTs randomly locked and unable to be sold.
“This marketplace launch kicks off an exciting second chapter for Truth Labs that will bring characters from both the GoblinTown and Illuminati ecosystems together, starting with a single marketplace experience.” the Truth Labs team says.
The Rise Of Individual Marketplaces
There are a number of other NFT collections with large ecosystems have also been in talks of reportedly launching their own marketplace for their NFT collections.
One of the most famous ones being Yuga Labs, which has announced plans to make its own NFT marketplace for people to buy and sell their NFTs, starting from Bored Ape Yacht Club (BAYC), CryptoPunks, Meebits, Mutant Ape Yacht Club (MAYC), and more. This reported marketplace plans to also allow users to buy and sell their NFTs using ApeCoin.
Related: Rarible & Magic Eden Compete To Make An Apecoin-Based BAYC NFT Marketplace
Aside from this, Snag Solutions, which has worked on Truth Labs marketplace, claims that it is currently in talks with around 15 NFT projects in creating their very own marketplace tailored for their NFTs.
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