Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Yuga Labs and Magic Eden Collaborate to Revolutionize Creator Royalties in Web3

Yuga Labs and Magic Eden Collaborate to Revolutionize Creator Royalties in Web3

CointimeCointime2023/11/05 07:03
By:Cointime

Yuga Labs, a major player in web3 and home to popular NFT projects such as Bored Ape Yacht Club and CryptoPunks, has partnered with cross-chain NFT platform Magic Eden to create the first-ever Ethereum marketplace contractually obligated to uphold creator royalties. Both companies share a vision for a fair and rewarding ecosystem for content creators, with a focus on empowering creators to receive royalty payments for their original work. Yuga Labs CEO Daniel Alegre expressed optimism about the partnership, stating that it represents a win for the entire ecosystem. The collaboration between Yuga Labs and Magic Eden sets a new standard for the industry and promises to bring about a more inclusive and supportive ecosystem for content contributors.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!