Metaplex Foundation To Distribute Governance Tokens to Early Adopters

The non-profit division of the Metaplex Protocol, the Metaplex Foundation on Tuesday announced that it is issuing its token under the MPLX ticker. Today the Metaplex Foundation is launching its utility and governance token MPLX. Learn more and find out if you’re eligible for the airdrop below. MPLX is only available and intended for non-US persons. https://t.co/KNumScgp1p pic.twitter.com/zoFd5Cf3Va — Metaplex (@metaplex) September 20, 2022 The company will start distributing 14 million tokens to early community members as of today (Sept. 20) during a several-week claim procedure. Early Metaplex platform builders will receive the first batch of tokens. The Foundation announced in a press release that an additional 40 million tokens would be given to early collectors by a DAO vote. The Metaplex Protocol was initially introduced in June 2021 as the first software library and set of applications for developers to build, sell, and administer NFTs on the Solana blockchain. Due to the business’s reduced mint costs and superior environmental practices compared to NFT enterprises developed on chains like Ethereum (at least, before The Merge), creators were lured to it. NFTs are categorized on Solana using the Metaplex Standard, a metadata standard. Metaplex Protocol Released MPLX The Metaplex Protocol has released MPLX as a method of decentralized governance for upcoming initiatives and business choices. It will serve as a utility toke...