CryptoBlog n.822
Magic Eden, the largest NFT marketplace on Solana, no longer requires traders to pay creator royalties. It’s an abrupt shift to the platform’s stance on royalties following the rise of rival marketplaces that started the trend. “This is not a decision we take lightly. We understand this move has serious implications for the ecosystem,” Magic Eden tweeted. “We also hope it is not a permanent decision. Today, royalties are not enforceable on-chain. We welcome and hope to see new standards that protect royalties.”