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

  • The Bitcoin Halving is Complete! What’s Next? 7 days ago
  • Runes on Bitcoin: The Next Big Opportunity? 10 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 15 days ago
  • The Value of Web3 Social, Explained 15 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 29 days ago

    • You need to login to comment.