Magic Eden’s Strive to Defend NFT Creators’ Royalties Gets Backlash from Community

© Reuters Magic Eden’s Strive to Defend NFT Creators’ Royalties Gets Backlash from Community
 
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Following the starting up of MetaShield functionality on September 12th, Solana-basically basically based NFT marketplace Magic Eden bought a combination of reactions from the neighborhood.

The unique NFT royalty enforcement instrument allows NFT authors to flag and blur NFTs that would possibly were offered, avoiding creator royalties.

Blended Reaction from Community

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After the preliminary announcement of the starting up, the unique replace bought a mixed reaction from the NFT neighborhood. The discussion break up on whether or now not NFT marketplaces would possibly perchance well perchance mild protect creator rights or lower royalty payments to salvage NFTs more affordable for collectors. Many addressed the marketplace payments.

Twitter (NYSE: TWTR) user Grug commented: “There is now not this kind of thing as a trend you haven’t viewed the discussion regarding your like 2% payments on all volume, and then there would possibly be the blurring of the jpegs… You’re the declare now not the royalties, bunch of centralised cucks.”

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