Yuga Labs and Magic Eden, key players in the Web3 space, are set to launch the Magic Eden Ethereum marketplace, becoming the first major Ethereum marketplace with a contractual commitment to uphold creator royalties. This partnership underscores their commitment to protecting the rights and rewards of content creators in the Web3 ecosystem, emphasizing continuous earnings for artists.
SanyaThis collaboration has a clear objective: an Ethereum-based marketplace that stands as a testament to its dedication to preserving the rightful royalties of NFT creators upon each sale.
CatherineSince January 2022's peak of $269 million, NFT creator's royalties have decreased to only $2.4 million
ClementStarting from August 31, artists who launch new projects on OpenSea will no longer be able to impose creator royalty fees on buyers.
DavinIn the face of fierce competition from its new rival-Blur, OpenSea, announced today that it will temporarily waive its 2.5% sales fee and reduce creator royalty protection.
Coinlive Despite the fact that approximately $100-200M in NFTs are traded on blockchain networks each week, many creators still struggle to generate significant revenue.
nftnowMagic Eden said it is waiving its platform fee and introducing a new optional royalty model.
BeincryptoMagic Eden, a marketplace for Solana-based NFTs, launched MetaShield.
BitcoinistThe most valuable crypto stories for Thursday, Sept. 1, 2022.
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