Express

NFT Marketplace Magic Eden Switches to Optional Royalty Model

Tris Bell

Summary: NFT marketplace Magic Eden announced on Twitter on Friday that it was switching to an optional royalty model. The company also said it was removing it’s 2% platform fee. The move follows a trend of NFT marketplaces opting to make royalties optional in an effort to attract more users. Magic Eden’s post sparked immediate outrage ...

NFT marketplace Magic Eden announced on Twitter on Friday that it was switching to an optional royalty model.

The company also said it was removing it’s 2% platform fee.

The move follows a trend of NFT marketplaces opting to make royalties optional in an effort to attract more users.

Magic Eden’s post sparked immediate outrage from users on NFT Twitter. The company held a Twitter Spaces following the announcement to answer questions from its users.

Author: Tris Bell

Last Update:

Tags: ,,
Link: NFT Marketplace Magic Eden Switches to Optional Royalty Model   [Copy]
Next:

Related Articles

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 20 hours ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 5 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 20 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 27 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.