Leading Solana-focused NFT Marketplace, magic edenhas run about a turn in its brutal royalty enforcement process.
Through a new service, Magic Eden will allow buyers to choose what they want. royalty payments It is a clear act of solidarity to waive their own platform fees when purchasing non-substitutes and for the time being. .
This change comes as a major competitor recently gained a spot in the Solana heavyweight division. Essentially, it reduces Magic Eden by allowing buyers to opt out of additional charges. Therefore, in these turbulent times, they had no choice but to adopt similar tactics.
🧵After difficult reflection and discussion with many creators, we have decided to move to optional royalties @Magic Eden.
Starting today, we will also launch a promotion to waive platform fees.
— Magical Eden 🪄 (@MagicEden) October 15, 2022
In the wake of this news, NFT’s Twitter fell into one of its rather amusing criticisms, seeing people pick one side or the other. great debate of royalty Fight linguistically over the Twittersphere. Meanwhile, famous artists Mike Winklemantook a more cautious response by expressing to his legions of fans that holding buyers accountable could help the industry in the long run.
Magic Eden hopes the move will strengthen its business and help prevent more users from jumping ship. may prove to be
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