Yuga Labs, Magic Eden unveil Ethereum NFT marketplace
Yuga Labs, the creators of Bored Ape Yacht Club and Magic Eden, are collaborating to launch an Ethereum NFT marketplace that will ensure creators receive their right royalties. In a statement shared on their X platform, Magic Eden expressed enthusiasm for collaborating with Yuga Labs and their joint efforts in building an ETH marketplace. They emphasized the importance of supporting creators, as they believe that without them, web3 cannot thrive. This partnership aims to prioritize the rights of creators by ensuring they receive their exact royalties from NFT sales. Together, they aim to strengthen the digital collectibles ecosystem by fostering creativity and innovation. Via this collaboration, there will be an obligation where Magic Eden will be responsible for sharing a portion of secondary market sales proceeds from their NFT collections with Yuga Labs. We‘re thrilled to announce that we’re partnering with @yugalabs to launch a new ETH marketplace by the end of the year. This will be the first major ETH marketplace to honor creator royalties for all ETH NFT collections. Without creators web3 can‘t exist. Here’s to supporting… — Magic Eden ???? (@MagicEden) Nobyembre 4, 2023 Yuga Labs stance on OpenSea and royalty enforcement Yuga Labs has recently taken a posisyon regarding OpenSea and royalty enforcement. They