Yuga Labs & Magic Eden To Launch Royalty-Focused Marketplace

Yuga Labs, the creator of Blue Chip NFT collection Bored Ape Yacht Club (BAYC), has announced a partnership with Magic Eden to launch a new creator royalty focused ETH marketplace.

Planting something new for all creators.We’re partnering with Magic Eden to launch the new Magic Eden ETH marketplace – the first major ETH marketplace contractually obligated to honor creator royalties.The marketplace will launch end of 2023, more details soon. — Yuga Labs (@yugalabs) November 4, 2023

According to Yuga Labs, the new ETH marketplace, besides Magic Eden, will function to honor creator royalties in the Ethereum NFT ecosystem. While not disclosing much detail, the announcement states that it will launch at the end of this year.

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2023-11-04 16:04