The Metaplex non fungible token marketplace has reportedly revealed details of its official release across the Solana blockchain, marking another milestone in terms of NFT adoption. 

Specifically, Platform developer Metaplex Foundation reportedly disclosed that the new marketplace roll-out was finalized, with strategic assistance from Solana Labs and crypto exchange entity FTX. 

The platform was reportedly created with a primary goal to equip the NFT community with key infrastructure, offering simplified roll-outs of customized collectibles to creators, artists and bands. 

Metaplex Foundation reportedly revealed that the new platform allows for “perpetual royalties to be hard-coded into NFTs”, making sure a sum of secondary sales always reaches the creators, with the end-to-end listing process will be carried out on-chain. 

The platform release has reportedly received endorsements from numerous well-known figures in business and other sectors, nominally Grammy Award-winning artist RAC, creative studio Street Dreams and CryptoKickers, an NFT-based wearables band.

“Metaplex will do for NFTs what Shopify did for commerce, but takes it one step further by not acting as the middleman. This aligns with the true ethos of the NFT movement, which is to kick open the door for the creator economy, not extract value from our communities.” RAC reportedly remarked. 

Apart from the roll-out, Metaplex Foundation disclosed specifics of its plan to introduce a new META token, dedicated to the governance of protocol. Details are yet to be revealed. 

Numerous different initiatives have been rolled out with the facilitation of Solana in the past. In March this year, two development alliances were formed between crypto exchanges OKEx, MXC and Solana, in a $40 million deal.