Magic Eden’s Strive to Provide protection to NFT Creators’ Royalties Will get Backlash from Neighborhood

© Reuters Magic Eden’s Strive to Provide protection to NFT Creators’ Royalties Will get Backlash from Neighborhood
 
TWTR
+0.60%

Add to/Steal from Watchlist

Add to Watchlist
Add Notify

Notify added efficiently to:

Please title your holdings portfolio

 

SOL/USD
-1.70%

Add to/Steal from Watchlist

Add to Watchlist
Add Notify

Please title your holdings portfolio

 

Following the launch of MetaShield functionality on September 12th, Solana-based NFT marketplace Magic Eden obtained a mixture of reactions from the community.

The novel NFT royalty enforcement system enables NFT authors to flag and blur NFTs that would possibly maybe additionally merely maintain been sold, fending off creator royalties.

  Neighborhood Contests Return to Gods Unchained, Brings New Challenges and Higher Rewards

Blended Response from Neighborhood

After the initial announcement of the launch, the novel change obtained a blended reaction from the NFT community. The discussion split on whether NFT marketplaces ought to aloof provide protection to creator rights or minimize royalty charges to secure NFTs more moderately priced for collectors. Many addressed the marketplace charges.

Twitter (NYSE: TWTR) person Grug commented: “There is no such thing as a system you haven’t seen the discussion regarding your have 2% charges on all volume, and then there would possibly be the blurring of the jpegs… You’re the field no longer the royalties, bunch of centralised cucks.”

Drop your queries here! ↴ we will answer you shortly.