Magic Eden follows OpenSea with NFT royalty enforcement tool
The open-source Open Creator Protocol of the NFT marketplace will enforce NFT creator royalties for new collections that opt-in to the tool.
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Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC, and more
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to…
NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar
A DappRadar report found that despite a fall in NFT trading volumes and sales counts throughout October, monthly unique traders increased.
The Top 5 NFT Marketplaces Surpass $40 Billion in All-Time Sales
While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than…
Twitter Reveals ‘NFT Tweet Tiles’ in Order to ‘Impact’ the Social Media Experience
According to the social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles,” a segregated panel within a tweet that showcases non-fungible tokens (NFTs)…
Nifty News: OpenSea dominance fades, Azuki skateboards fetch $2.5M and more
The largest NFT marketplace is facing headwinds from its competition as OpenSea sees its market share slip whilst its rivals gain significant ground.
Crypto Twitter split as another NFT platform moves to opt-in royalties
Despite the change to an optional royalties model, Magic Eden will still have full royalties set by default for all collections and listings.
‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales
While the commission is standard for Apple, some have expressed their displeasure at the company's “grotesquely overpriced” cut of sales.
Magic Eden defends launch of NFT royalty enforcement tool
MetaShield works by enabling creators to flag an NFT or blur the image if the listed or traded NFT bypasses creator royalties.
Ongoing Solana-based wallet hack has already seen millions drained
NFT marketplace Magic Eden noted that it “seems to be a widespread SOL exploit at play" and called on users to revoke permissions for any suspicious links in their Phantom…