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Well, the community has spoken, and finally, they have voted for VFTLAB getting a 5% marketplace fee (the burning votes were not necessary as there was only a proposal).

This means basically that each Music NFT sold in the VFTLAB will have a 2.5% fee and the wax collection will have another 2.5% fee. Basically if you manage to sell $100 worth of NFTs we will be only getting $2.5 from them on VFTLAB and the rest will be each time a NFT is traded on the WAX market.

We are already testing the marketplace with our first amazing musician @stickupboys, you will be asked for:

• A covert art (which can be a JPG, GIF)
• Not a must but we can include MP4 VIDEOS
• Your MP3 song
• Supply(you cant launch twice your NFT,if the supply is over)
• Price in USD

And as we are not asking for exclusivity as is your own art, we will include in the last media of the NFT a cool cover art with the VFTLAB brand. You dont need to have experience

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This service will be available for all the original musicians after an interview to proof the ownership of the art. We will start receiving proposal after the first test with the stickupboys is finished.

VFTLAB VAULT

Actually a lot of people is farming on VFTLAB, the future Music NFT will be priced on USD but charged on VFT, with this method the only way to acquire these exclusive NFTs will be through either farming VFT or buying it from HIVE ENGINE.

Actually 6 tokens can be used for farming VFT:

• VIBES
• VFT
• LEO
• DEC
• STARBITS
• HIVE

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In other news:

• we are even closer to launching our new Frontend´
• The group of curators will receive a reset on the way of working.
• Governance debate for including new Pools for HE tokens.
• we need to start improving the visual experience of VFTLAB like showing an APR based in the price of the VFT on hive-engine. Include the upgrades for the Music Nfts like auctions
• Its now time to start burning some Vibes , all the tokens bought through the account @burnthevibes will be burned, also is offering some liquidity to the market.
• We will be looking in the next weeks a BSC developer to help us in our own bridge for our ecosystem (like just for VIBES and VFT)

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_{Posted via MusicForLife.io}