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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

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