The Plague of Frogs Delays NFT Contract Migration Due to Testing
According to reports, the NFT project The Plague of Frogs announced on official Twitter that it would migrate the new contract originally scheduled for March 24th and enforce royal
According to reports, the NFT project The Plague of Frogs announced on official Twitter that it would migrate the new contract originally scheduled for March 24th and enforce royalties, which will be postponed to next Monday, March 27th, because developers need more time to test to ensure that there are no issues. At that time, OpenSea will synchronize the migration, but Blur may delist the NFT and cancel the bid on March 25th. After the migration, the new NFT will be airdropped into the wallet holding the old The Plague of Frogs NFT, It is also possible to cancel the pledge, transfer, and re pledge to obtain the same rewards, and it is understood that the mandatory royalty rate will not be higher than 10%.
NFT Project The Plague of Frogs Announces Contract Migration Delayed to March 27
The Plague of Frogs, an innovative and rapidly growing NFT project, has announced their decision to delay the migration of their new contract. Initially scheduled to migrate on March 24th, the team has decided to postpone it until March 27th, in order to ensure that there are no issues due to testing. The project also plans to enforce royalties with the new contract. This announcement was made public via their official Twitter account.
Reasons Behind the Delay
According to the project’s development team, they require more time to perform extensive testing to ensure there are no issues within the new contract. This step is very important, as migrating from one contract to another can be a delicate process that needs to be performed with utmost care. Issues such as lost NFT sales, lost royalties, and even corrupted data can arise if the process is not done correctly. Therefore, the team has taken it upon themselves to conduct thorough testing before finalizing the migration.
Delisting Possibility
The team has also raised the possibility of The Plague of Frogs being delisted from Blur and bids being canceled on March 25th. To mitigate the risks associated with the delays and ensure a smooth migration process, they believe that this may be necessary. As such, fans of The Plague of Frogs are encouraged to pay close attention to the migration to avoid missing out on any important announcements.
Air Drop Details
After the successful migration, all holders of the old The Plague of Frogs NFTs will receive a new NFT. It is not necessary to cancel the initial pledge, transfer or re-pledge to receive the same rewards as before. In addition, the new contract will enforce a mandatory royalty rate of no more than 10%, which can be a cause for concern for some of the NFT enthusiasts who were planning to invest in The Plague of Frogs.
Conclusion
In conclusion, The Plague of Frogs is a rapidly growing NFT project that is in the process of migrating to a new contract. The migration has been postponed to March 27th to complete thorough testing to ensure there are no issues. The new contract will enforce a 10% mandatory royalty rate and will not require users to cancel, transfer or re-pledge to the new contract. The Plague of Frogs team has raised the possibility of delisting and canceling bids from Blur on March 25th. It is essential that NFT enthusiasts remain vigilant for all future announcements.
FAQs
Q: What is The Plague of Frogs project?
A: The Plague of Frogs is an innovative NFT project that has gained significant popularity in recent times.
Q: Why was the migration postponed?
A: The postponement came due to the need for more time to perform thorough testing to ensure that there are no issues with the new contract.
Q: Will The Plague of Frogs be delisted from Blur?
A: It is a possibility, but the decision is yet to be made by the team. Users should remain vigilant and await further announcements.
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