Following the aftermath of OpenSea turning its back on mandatory royalties, Monax Labs has proudly taken Aspen — its cutting-edge platform that reshapes the Web3 creator-community dynamic concerning lost revenue — out of beta!
- Aspen leaves beta, offers more Web3 creators an optimal toolkit with long-term solutions.
- Features include royalty management, subscription services and minting capabilities.
- An early adopter of Aspen has already witnessed an 80% increase in royalty payments.
Aspen is a robust “Creator First Membership Platform” crafted to empower Web3 creators with the tools necessary to thrive. It introduces user-friendly features like its all-important royalty management tool, aiding blockchain projects to reclaim their lost royalties and revenues.
On top of that, Aspen empowers subscription services, utility access control, and minting capabilities, to give on-chain creators more power, flexibility, and functionality.
The main aim of Monax Labs’ membership project is to herald a significant change in the blockchain creator community. It offers a consistent, proactive, long-term solution for creators to generate revenue in a dynamic and swiftly shaping marketplace. Moreover, it helps them to protect their IPs and efficiently control their businesses.
Reclaiming Lost Royalties
Despite launching in beta just six months ago, Aspen already has a significant portfolio. One noteworthy success story, in particular, includes Consortium Key, which achieved its initiative revenue goal by joining Aspen.
Impressively, owing to the collaboration, 90% of Consortium holders are now paying royalties. This marks an 80% increase since April 2023, when a mere 10% followed through with such payments.
Furthermore, since February 2023, the amount of holders paying for subscriptions has surged by 75%. This remarkable turnaround saved the trading from declining, recovering approximately 60% of its financial flow.
By the second month, Consortium had reached cash flow breakeven through subscription revenue alone, allowing them to replenish their reserves, which had dwindled due to the unexpected optional royalty models abruptly adopted by NFT marketplaces.
In essence — even during its beta stage — Aspen transformed a financial crisis into a remarkable opportunity, bolstering membership revenue and enhancing the trading experience for users.
From concept to execution, it’s clear that Aspen’s toolkit for creator royalties and beyond assists Web3 heads with unrivaled sovereignty in their creative endeavors. Thanks to its fully thriving membership program, the future of NFTs and other blockchain endeavors suddenly appear brighter.
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