mogul-logo
Search
Close this search box.
Categories
Blog Posts

Automated NFT Minting Comes to Mogul

Mogul Development Update #4

The Mogul development team is as always hard at work assembling the newest features for the Mogul NFT Marketplace and ecosystem.  Ten major features have come on board. A new feature will be reviewed each week over the course of ten weeks.  

Mogul Productions - Mogul NFT Marketplace

Mogul partners with some of the biggest names in entertainment, helping artists of all sorts connect with their most loyal fans on a different level, while giving them innovative new ways to engage with their favorite performers.  

Here’s a peek inside another of Mogul’s new and upcoming upgrades to automate the NFT Marketplace experience.

NFT Development and upload of smart contracts is automated.  

Mogul Productions - Mogul NFT Development

Mogul’s development team goes the extra mile to provide care and attention for artists and producers that mint and launch their exclusive NFT collections across the Mogul metaverse.  

Mogul Productions - Mogul NFT Collections

Too often, artists need their own creativity schedules.  With automated NFT minting, our entertainment partners can take larger and more independent roles in their own NFT collections..  

In the short future, partners can come to the Mogul User Interface, mint their own NFTs, the smart contract will be made for them, and then they can schedule their own drop times. 

Mogul’s User Interface

Mogul Productions - Mogul User's Interface

Mogul’s User Interface to create a NFT collection has layers which make a large NFT art collection easy to produce.  

Automated NFTs minted and deployed on the Mogul platform are powered by smart contracts which handle the transferability and verify the ownership on the ERC-721 standard. 

ERC-721 was previously explained in Mogul Development Update #3.

The team is ready to assist along the way. 

Navigating New Frontiers

Mogul Productions is capable of leveraging these advanced technological innovations to give artists and buyers alike a more robust user experience.

Toward The Future

Mogul’s Automated NFT Minting Platform  is the marketplace for film, music, television and entertainment meet blockchain.  The development team keeps up and is often ahead of technological advancements within the blockchain community.  

Mogul’s community-oriented system is specifically built for the entertainment industry,  making its partnerships with moviemakers, music makers, content creators, and intellectual property owners winners.

Stay tuned next week when we discuss another of the newest features to the Mogul marketplace.

Are you ready to unlock the potential of NFTs in film entertainment?  

Need a robust platform to build your fanbase and raise capital?

Claim the Ultimate NFT Guide for Producers

Categories
Blog Posts

Marketplace and Email Notifications, Enhancing Fan Exposure

Mogul Development Update #5   

The Mogul development team is hard at work assembling the newest features for Mogul’s NFT Marketplace and ecosystem.  Ten major features have been or are about to be onboarded. A new feature will be reviewed each week over the course of ten weeks.  

Mogul Development Update #5  

Mogul partners with some of the biggest names in entertainment, helping artists of all sorts connect with their most loyal fans on different levels, while giving them innovative ways to engage with their favorite performers.  

Here’s a peek inside another of Mogul’s new and upcoming upgrades to automate the NFT Marketplace experience.

Marketplace and email notifications

Mogul Productions - Marketplace and email notifications

Artists connect with their fans on many levels, especially in the social media world.  Successful NFT drops and updates rely on entertainment artists to notify all their followers in an efficient, organized manner.  

The Mogul Marketplace provides avenues for artists and performers to showcase their latest creations and promotions, plus connect and notify their fanbase, and the NFT marketplace overall.  

Mogul Marketplace

Artists can review all email and social media notifications. Fans can read all about the artist and the community interaction.  They can  buy directly from Mogul Marketplace as soon as NFT notifications happen.  

Navigating New Frontiers

Mogul Productions is capable of leveraging these advanced technological innovations to give artists and buyers alike a more robust user experience.

Toward The Future

Mogul Productions - Mogul NFT Marketplace Towards The Future

The Mogul NFT Marketplace is the marketplace where film & entertainment meet blockchain.  The development and marketing team keeps up and is often ahead of technological advancements within the blockchain community.  

Mogul’s community-oriented system is specifically built for the entertainment industry,  making its partnerships with moviemakers, music makers, content creators, and intellectual property owners winners .

Stay tuned next week when we discuss another of the newest features to the Mogul marketplace.

Are you ready to unlock the potential of NFTs in film entertainment?  

Need a robust platform to build your fanbase and raise capital?

Claim the Ultimate NFT Guide for Producers

Categories
NFT Drops

The Mogies

Mogul presents 1923 custom built 1/1’s PFP NFTs using CGI style graphics Mogul presents 1923 custom built 1/1’s PFP NFTs using CGI style graphics. Mogul presents 1923 custom built 1/1’s PFP NFTs using CGI style graphics…

Categories
Mogul Press

Hollywood Wants In On the Metaverse and the Implications Could Be Huge

 The implications of the metaverse could be huge. There are numerous industry experts who believe that it could potentially be worth trillions of dollars, affecting every part of the global economy. But of course, the immediate implications of the metaverse would be felt in the online gaming and media & entertainment industries where immersive experiences are relatively easier to build due to our current advancements in these two spaces.

Read more at Investing.com

Categories
Blog Posts

Guide to Buying Stars on MEXC

Welcome everyone to Mogul’s ecosystem.  We are the NFT marketplace platform for the film and entertainment industry.  Over the years Mogul has cultivated its team and technology to give you the best experience.  Each day Mogul develops exciting products infused with a strong community spirit.

‍With so many exciting products from film and entertainment in Mogul’s marketplace, new fans and collectors join our ecosystem daily.

The STARS token is our native cryptocurrency.  STARS allows users to take part in our NFT drops and get involved in the community.  Fans and collectors who wish to buy NFTs on the Mogul platform will need STARS to do so.   It’s used for staking, voting, governance and ownership.

STARS is acquired in two ways. First, by buying/swapping them. Second is by earning them in your smart wallet for staking during voting periods.

This guide is to help get you on your way to attaining STARS through MEXC so you can participate in upcoming NFT drops.

For these walkthroughs, we are using a web browser, not a smart phone.

Let’s go buy STARS!

Go to Mogul’s STARS page  https://www.mogulproductions.com/stars

Buying STARS with USDT on MEXC - Mogul Platform

Buying STARS with USDT on MEXC

Click on the MEXC button.

For this, you will need an account with MEXC and be logged in.

If you don’t have a MEXC login account you will need to create one by clicking on the “Sign Up” button on the top left corner.

Mogul Platform - Sign Up for MEXC

Enter your email address and password.

MEXC will not allow you to finish signing up until you request a verification code.

Mogul Platform - MEXC Verification Code

Click on “Get Code”  and complete the automated verification test by clicking on the pictures in the proper order and then click “ok”.

Mogul Platform - MEXC Get Code

The website may ask you to do this task twice.

Once it accepts your verification test, go to your email where MEXC has now sent you a registration code.  Copy it and enter it into the “Verification Code” area.

Click on the User Agreement check box.

Then click on “Sign Up”

You are now signed up and should receive an email confirmation.

You should see the following Login Option

Mogul Platform - MEXC Login

Select the Email option and enter your email address and password.

Mogul Platform - MEXC Login Email

Once again, complete the automated verification test you will be prompted with by clicking on the pictures in the proper order and then click “ok”.

Mogul Platform - MEXC Login Verification

The system will probably ask you to enter an anti-phishing verification code.  MEXC will send you another email titled 【MEXC】Email Captcha.  Copy and paste within the 60 second time period.

Mogul Platform - MEXC Login Verification Code

MEXC will automatically take you to the user setup page after the code is entered.

Mogul Platform - MEXC Homepage

Be sure to change your username by clicking on the below button on the top right hand side of the main portion of the page.

Mogul Platform - MEXC Homepage Pencil

Security is a serious issue in the ecommerce world and we recommend you take it seriously as well.  There are several security measures MEXC has taken to protect your assets.

Click on “Security Recommendations” to better secure your account from thieves and phishers.

Mogul Platform - MEXC Security
Mogul Platform - MEXC Security Settings

Click the “Mobile Verification” button and enter your mobile phone number with the proper country of origin.

Mogul Platform - MEXC Mobile Verification

Click “Get it now”.  Your mobile phone will receive a text message with the SMS verification code to enter into the field.

Mogul Platform - MEXC SMS Code

Enter the SMS verification code and click the “Confirm” button.

Next click on the “Get it now” button for the email verification code.

Mogul Platform - MEXC Email Verification Code

Check your email for the subject 【MEXC】Email Captcha.

Copy the verification code in the email and paste it.

Click “Confirm”.

Mogul Platform - MEXC Confirm

This should set your account to Medium risk.  It will recommend you enable Google Authenticator which you may choose to do so on your own.

Mogul Platform - MEXC Account Risk

Buy USDT

In order to buy STARS, you must have USDT in your MEXC wallet.

Navigate to the STARS webpage on Mogul and click on the MEXC option. This will bring you to the token page with charts and token details.

Click on the “Deposit” button underneath the STARS

Mogul Platform - MEXC Spot Markets

Select USDT and click on “Buy Crypto”

Mogul Platform - MEXC Spot Markets Deposit USDT

Enter the payment option that works best for you between

P2P Markets / Credit / Debit Card / PUSH

Mogul Platform - MEXC Spot Markets - P2P

Some options like P2P Markets require you to provide KYC (Know Your Client) information such as name, birthdate and Passport/Drivers License #.

For this example we are going to pay for USDT with Credit / Debit Card

Mogul Platform - MEXC Spot Markets - Credit/Debit Card

Select the proper currency that will be used to pay for the crypto currency.

Set the “Get≈” to USDT.

Enter the amount of dollars or USDT you wish to purchase and MEXC will automatically convert the amounts.

Then click on “Buy USDT”

Mogul Platform - MEXC Spot Markets - Credit/Debit Card - Buy USDT

Check Accept and Continue and click “Confirm”

Mogul Platform - MEXC Spot Markets - Payment

Click “Continue”

Mogul Platform - MEXC Spot Markets - You Buy

Enter the proper information from your credit card.

Accept or decline the three options at the bottom.

Click “Next”

Mogul Platform - MEXC Spot Markets - Card Details

Buy STARS with USDT

After you have USDT in your MEXC wallet, navigate to the STARS webpage  on Mogul and click on the MEXC option. This will bring you to the token page with charts and token details.

Click on the green “Buy” button located underneath the STARS price chart. The default pairing (or token if you’re selling for STARS) will be USDT. However you can change this to any compatible token.

Make certain you have enough USDT to buy the amount of STARS you wish to buy. If you don’t have enough USDT to buy all the STARS you want, click the Deposit button and go through the deposit process previously described.

If you want to purchase STARS at the most recent token price, set the buying option to “Market” and enter the quantity you’d like to purchase.  Click “Buy STARS”

Mogul Platform - MEXC Spot Markets - USDT

Your available STARS balance should increase, and you now have STARS tokens in your wallet!

For additional information on our STARS token, visit our gitbook at https://mogulproductions.gitbook.io/mogul-productions/stars-token/stars-info

Categories
Mogul Press

Mogul Productions Partnering with Hip Hop Icon for Groundbreaking NFT Drop

Mogul Productions is teaming up with Jim Jones for a revolutionary NFT collection drop, which will take place live on stage during one of the biggest crypto events of the year. The upcoming “Digital Money” collection from Hip-Hop legend, Jim Jones, will launch exclusively on Mogul’s marketplace, letting fans take part in a variety of unforgettable experiences, including the chance to own the world’s first crypto song as an NFT.

Read more at Digital Journal

Categories
Blog Posts

Jancroon AMA Recap

This post recaps the AMA with the JANCROON team that took place on the Mogul Official Discord Server on Monday February 21st.

Intro: Welcome to the AMA @everyone! 

Today we’re going to be joined by @Cinemo Galactic. He’ll be answering questions regarding Jancroon and the SEYTANICROON collection 

I’d like to welcome Louie to the channel. It would be great if you could introduce yourself and tell the community a bit about what you do at Jancroon ⭐️

Cinemo Galactic : Hi guys!  Great to be here!

I’m a writer/producer, and the Jancroon storyworld is based on an original screenplay.

Q1:  Tell us about how Jancroon originated and how you came to write the scripts and develop the IP?

Cinemo Galactic: When I was in film school is when I really started getting the writing bug, so when I left I focused on screenwriting.  I eventually sent the script to concept designer Terryl Whitlatch, who was George Lucas’ creature designer on the Star Wars prequels.  

From there I really started focusing on creative ways to get this storyworld launched.  Last year we hired more artists for previz development, which came out awesome.  Imery Watson designed the Jancroon Galactiport, and he is from the Lord of The Rings trilogy.  Sarah Dahlinger, who was Terryl’s understudy, did the most recent concepts of the Croon.

Q2: It’s like the dream team working on this project! It’s awesome to see you had the likes of Imery Watson (LOTR) who designed the Galactiport for Jancroon and Terryl Whitlach (Star Wars) who is world renowned for creating Sci Fi creatures! How was your experience working with them and also Sarah Dahlinger who was Terryl’s understudy and did the latest designs?

Cinemo Galactic: They were all great.  Just unbelievably easy to work with.  When you are working with top artists they just deliver exactly what you envision.  It’s surreal.

Q3: I can imagine! That’s like a dream of every artist. Working with the best people in the industry. 

I heard that iLogos recently came on as your game developer to help bring a full throttle RPG game to life – What are the plans around this? It must be a nice feeling to know someone as credentialed as iLogos is putting their name behind the project!

Cinemo Galactic: Yes!  We’re super excited to be partnering with them.  As you mentioned, the Jancroon storyworld lends itself perfectly for a Role Playing Game.  So as we move forward into the year with our roadmap, iLogos will be starting pre production on the game.

Q4: That’s great news! These past few months there have been a lot of apes, penguins, and other animal variations of NFTs. Seeing the Seytani croon collection is like a breath of fresh air. 

For the audience, can you give a bit of a background on the history of iLogos in gaming?

Cinemo Galactic: Thank you for the kind words of the Croon.  We are eager for everyone to see them and agree that they will be a breath of fresh air.  iLogos has been around for about 15 years and has 1.5 billion downloads, so they are a very successful game developer.  They are super stoked and passionate about Jancroon.

Q5: You have a great team working with you and I’m sure everyone’s excited to see not just the collection but also the game. Can you tell us a bit more about the Galactiport and how that will be involved in the project moving forward? and how does it connect with the game?

Cinemo Galactic: So the Galactiport Jancroon is an enormous, 800 mile long city.  It has a huge entertainment dome in the center, which easily holds millions of Humans/Croon.  This city is the perfect fantastic setting for virtual real estate.  The NFTs will double as a passport into the city, so owners will have first dibs on exploring the city and owning penthouses, condos, and even bars, night clubs, restaurants, and museums.

Q6: Wow! All the possibilities that you can do with that! 

Now that we talked about the game, when is the graphic novel estimated to be launched and what does the process for that look like?

Cinemo Galactic: The graphic novel is something we want to get to nft owners as soon as possible.  It will be a six month production phase which we’re hoping to start in a few weeks.  We will be designing the overall storyworld while also having illustrators produce the graphic novel.

Q7: So the first collection will be the Seytani croon, can you shed any light on potential other collections you guys are looking to release in the future?

Cinemo Galactic: The second collection is the Urchaid Croon. Third is the Porpra Croon, and last will be the giant Fornjotr Croon.  The Croon are as diverse as Humanity with four distinct “clans” or cultures.

Q8: This is really exciting! Do you or the team have any personal favorite clan?

Cinemo Galactic: They’re all really cool looking, but the Fornjotr clan is the most rare, so that makes them most unique. Plus they’re much bigger than the others, so in a cinematic sense they’re going to be stunning to look at.

Q9: Who and when will the digital landscape of the galactic port get created?

Cinemo Galactic: We plan on hiring ILM (Industrial Light & Magic) for total storyworld design.  They’re an Oscar winning vfx company that was founded by George Lucas, so we can’t tell you how excited we are to be working with them.

Q10 : Will there be any unique versions of the digital comic? Any hidden treasures

Cinemo Galactic: We’re considering having a motion graphic novel version, but nothing’s decided yet. First thing that needs to be done is full concept designs of the entire storyworld and key frames. 

Q11: Looking forward to the digital comic. Maybe you can do a special edition in a few years and print a few out 

Cinemo Galactic: Absolutely,  many things we can do.  We also want the video game and graphic novel ported together.  So if you’re playing the game you can visit the place in the graphic novel where that scene is , and vice versa.

Q12: What other use will the Nfts have?

Cinemo Galactic: They will double as your passport into the city of Jancroon.  So only the first 7,777 people will gain entry.

Q13 : So if you don’t buy them on presale they’ll cost doble after, is that what you are saying?

Cinemo Galactic: Actually after the presale and public sale, the price of these nfts is out of our control.  But the presale and public sale will be .05 ETH.

Q14: one more question regarding the minting, my question is.. just 0.05 eth. NO package discount if I buy 5?

JakeF29: Correct, flat rate of 0.05 eth. We priced them quite low as we want to create a low barrier to entry, so as many people can get involved as possible and we are creating lots of value for everyone.

Q15: what would be the currency in the game? Stars?

JakeF29: The Role Playing Game which is being developed with iLogos does not yet have confirmed currency within the game. Further development will be over the next few months where we can provide updates

Q16: Any Staking platform for NFTs?

JakeF29: No staking currently although we will be implementing new features with our partner IQ Protocol where you will be able to rent out your NFTs for a $ amount set by the NFT owner

Q17 : Thank you so much @Cinemo Galactic for joining us this afternoon/evening.  

Can you please send us all the links of all your socials so the community can follow you as well. 

Cinemo Galactic: IG is @jancroon

website: https://jancroon.com/

Twitter: @jancroonmeta

Discord : https://discord.gg/NP9Ya8F8AK

Conclusion : Again, thank you @Cinemo Galactic

Cinemo Galactic: Thank you for having me!!

Categories
Blog Posts

Bonded AMA Recap

This post recaps the AMA with Jon Graham, one of the producers of Bonded that took place on the Mogul Official Discord Server on Monday, February 14th.

Intro: Welcome to the AMA @everyone! 👋

Today we’re going to be joined by @JonnyG (Jon Graham). We’ll talk about Bonded, the upcoming NFT collection, and the opportunity to have producer credits in the film. 

Welcome to the channel, @JonnyG!

Jon Graham: Hey Naj! Excited to be here

Intro: Nice to meet you! It would be great if you could introduce yourself and tell the community a bit about your film, Bonded. ⭐️

Jon Graham: Hey everybody… great to meet you all… I’m one of the producers on an upcoming feature film called Bonded which was Mogul’s first film investment…

The film a scripted drama/thriller about kids being trafficked from Mexico to Los Angeles

The story is about a young kid from Mexico with dreams of being a soccer star who is sold to the cartel by his family and trafficked to California… and is about his struggles to escape his situation

Q1: We are thrilled to partner with you guys and are grateful that these credits were made available to our community via Mogul’s early investment in Bonded. 

Before we dive into things, can you please give the audience an update on where things are at in the production phase? We have a lot of community members that are dying to see this film.

Jon Graham: Yes! We are now in the final stages of post production… We are just waiting for the last couple VFX (visual effects shots) to be delivered by our VFX provider… our director actually flew back to Mexico City today where he will spend a couple days doing the final sound mix and color correction and then the film will be finished!

We recently brought on Oscar nominated Mexican director Luis Mandoki who fell in love with the film and will be arranging screenings for prominent Mexican Actors and Directors… and we’ll begin submitting the film to the summer film festivals in Europe and North America

Q2: People have been asking “Wen Bonded?” and hearing this news from you is awesome!

We announced less than a week ago that Bonded will have an NFT collection. As a film producer, this must be exciting to see how NFTs provide a way for fans to get closer to the action in ways which were not previously thought possible?

Jon Graham: Yes I think this is a really unique opportunity for mogul fans… especially for people that aren’t a part of the film industry… Usually to get an Executive Producer or Associate Producer credit you need to invest significant funds into the film or spend months/years working on its production…  and for the first time we are bringing this opportunity to the mogul community via NFTs….

This is a great way to drive engagement and awareness and direct involvement in the film from the mogul community… super exciting for us!

We are thrilled to bring some mogul members onto our film as producers!

Q3: Absolutely! This is definitely exciting! Imagine having your name in the credits. It would feel amazing and just special not just for the NFT owners but also to the filmmakers, like you, to integrate this new thing to your film.

There will be 2 NFTs, an Associate Producer credit and an Executive producer credit – can you please give an overview on what winners of the auction can expect to receive in the form of utility?

Jon Graham: Yes I think you nailed it… your name will appear in the films credits in posterity forever… whether you are watching the film in a theater or on Netflix… your name will always be there!

You’ll also be invited to a private screening of the film and have your name listed as a executive/associate producer on IMDB

I think this is a really unique opportunity especially for lovers of film

Q4: Definitely! We’ll be the first to do that. 

Will there be a private screening? When do you think this is most likely to take place? Are you guys aiming for 2022 still?

I got really excited and I asked three questions

Jon Graham: Yes definitely in 2022… we’ll be looking to host some private screening later this spring once we have the final version of the film… most of our other producers are located in Toronto or LA so we’ll be arranging private screenings there

Also in Mexico City!

Q5: Maybe, I can get an invite to the Mexico City screening. 

What perk do you think is most valuable for a potential buyer other than the producer credits?

Jon Graham: I think anyone who has sat in a dark theater and seen the names of the actors, directors and producers come up on the screen has always wanted to see their name up there too… certainly for me… I think that is pretty special…  you also get to read the shooting version of the script… will get the digital NFT to add to your collection and become part of the team that has brought this incredibly powerful, emotional and important story to life!

And I’m sure as we get into different film festivals around the world there will be some other cool perks for the mogul community!

Q6: I know this is like a question that many people ask the director and producers in every film, but I just want to ask, what other points from the film make this story unique for people to go and watch and see it in the cinema or via streaming services?

Jon Graham: I think what makes this story so powerful is that it is shedding light on a real problem that people don’t think exists in the developed world… there are over 40 million people in slavery around the world TODAY which is more than any other time in human history… and it is happening in every major city around the world… our film takes the viewer on a journey to see first hand how this happens… the film is very intense and a thriller with a lot of suspense and heart… this is a film everyone needs to see!

And the 14 year old kid that plays the lead is an incredible actor… plus you’ll see a bunch of familiar faces from Narcos/Narcos Mexico

Conclusion: I’m personally excited to see Bonded and I’m sure that everyone in the community is excited too! 

Thanks @JonnyG for your time and we can’t wait for the NFT auction to launch at 7am PST next Wednesday, 23rd February! 

This will be powered by BSC $STARS and provides the community another form of utility to get involved with something unique in the form of NFTs! Associate Producer NFT pricing starts at 75,000 STARS and Executive Producer NFT starts at 150,000 STARS.

If no one has questions for @JonnyG, I’ll end this AMA. Thanks again, Jon!

Jon Graham: Thanks Naj – we’re excited to meet the new producers!

Categories
Blog Posts

IQ Protocol AMA Recap

This post recaps the AMA with our newest partner, IQ Protocol that took place on the Mogul Official Discord Server on Monday, February 7th.

Intro: Welcome to the AMA!

Today we’re going to be joined by @SimonH – PARSIQ & IQ Protocol. They’ll be answering everyone’s burning questions about IQ Protocol, our partnership with them, renting of online assets, upcoming projects, and so much more.

I’d like to welcome @SimonH – PARSIQ & IQ Protocol to the channel. It would be great if you could introduce yourself and tell the community a bit about what you do at IQ Protocol.

Simon H: Hi All! Happy to be here! I’m on the business development team at IQ Protocol.

Before joining the IQ Protocol team, I worked at SAP – which is a big software company – but really happy I joined the Web 3 world

Every day I get to talk to amazing teams like Mogul and explain IQ Protocol and how we can work together to build the best functionality for their project!

Intro: Welcome to the channel and to the web3 world! ⭐️

We are looking forward to working with you guys at IQ Protocol to build out some more value and utility for the Mogul community! Can you please give a quick overview of IQ Protocol for those that are new here?

Simon H: Likewise!

IQ Protocol an a protocol to rent digital assets

That can be an NFT or there is a fungible token version as well where teams can use it as a staking contract or to enable interesting subscription models!

And the key thing is to do all of this without passing over ownership of your NFT or digital asset – It is a collateral-less model!

Q1: That idea is pretty awesome! Now that we’re in the digital age, people are only familiar with renting houses, cars, and material things. It’s a great way to introduce people to digital asset renting. 

The NFT rental feature is really cool and we can’t wait to set this up for our Access Pass holders! Would you be able to explain how someone would go about renting out their Access Pass to other people?

Simon H: Totally!

For the NFT version here is how it would work at a high level. Let’s say I am renting my NFT to you:

  • I deposit my NFT into the smart contract and set the rental length and price (in the future it can be an auction)
  • If you want to rent it you pay the USD value in a stablecoin or crypto of your choice
  • After the rental, the original is locked in the smart contract for the duration of the renting period
  • The renter gets a wrapped expirable version of the original and your app accepts the wrapped version with our simple API/SDK
  • After the rental period, the rented version expires and the NFT owned by the owner can withdrawal their NFT from the smart contract or can be re-rented

That is a quick overview at a high level

The key thing here is you would deposit the Access Pass into the smart contract where you only have the right to withdrawal, nobody else

And the actual NFT never goes to the renter – They get the wrapped version so you never have to worry about passing over ownership

Q2: Some of the benefits of renting out the NFTs can come in the form of gaining White List spots to upcoming drops and access to in person events such as a Red Carpet Premiere, which is awesome. One question we have had from our community is how long can the owner rent out their NFT for? Are they able to set the price at whatever they like?

And another question: I see that NFT rentals will be powered by STARS, are users able to rent out and pay in both ERC-20 and BEP-20 tokens?

Simon H: Great questions! 🙂 

So right now, a user will be able to set the duration and the amount of the rental. In the future, we will bring in bidding as well as a booking system where users can book out and pay to rent an NFT for a period of time.

So our team is thinking of lots of use cases all the time. And the second question, we are integrating DEXs into the solution so a user will be able to pay with what they prefer, however, we are building in flexibility so a project could require a user to pay in a certain crypto

Q3: That’s awesome! This is really exciting. I can imagine a lot of things that can be done. 

Moving on to the next question, will the user experience of renting out the NFT all take place on the Mogul platform or does it have to be in your platform? How does that work from a functionality standpoint?

Simon H: It can be integrated directly into any UI – So the Mogul team can deploy right on their own front-end 

Q4: Can’t wait for it. 🤩

This is my last question before I give the community 10 minutes to ask you some questions. What else is upcoming for IQ Protocol on the horizon and what can users look forward to over the next 6 months?

Simon H: Lots! We are just completing our fundraising round with some great investors and are announcing it over the next couple of months!

More chains, more cool features, more partnerships and team using the tech: https://twitter.com/IQLabs_official

Q5: Does Mogul take a cut in the rental? If I stake my nft and rent it out, does Mogul earn from that?

Simon H: The revenue split between the project leveraging the platform and their users is completely configurable and up to the project!

Q6: So Mogul does not tax or take any share from me renting out my land (etc) to someone else, if I don’t want that?

Simon H: It will be up to how Mogul or any project that sets up their contract – I think the key thing here however is the ability to earn extra income where you could not have otherwise before

Conclusion: @SimonH – PARSIQ & IQ Protocol Thank you so much for doing this AMA with us! We’ll look out for all your announcements through the IQ Protocol twitter account. 

Categories
Mogul Press

Mogul Productions and Netflix to Headline CMPA Prime Time 2022 Conference

In a move fitting of Mogul Productions‘ position at the vanguard of innovation where NFTs and entertainment industry converge, the decentralized film financing platform has been invited to join Prime Time 2022, Canada’s premier conference for connecting the leading names in media production, alongside Netflix as a Gold partner.

Read more at Digital Journal: