Yuga Labs and Magic Eden Unite for Creators
Yuga Labs is partnering with Magic Eden to launch a creator-first Ethereum NFT marketplace by year's end.
The Deets
- Ethereum Marketplace: A new platform honoring creator royalties.
- Shared Vision: Strengthening the web3 ecosystem for content creators.
- Creator Royalties: A foundational commitment to the original artists.
- Exclusive Engagements: Yuga Labs to collaborate only with royalty-respecting platforms.
The Bulk
Yuga Labs and Magic Eden, are embarking on a groundbreaking journey. Together, they are crafting a new Ethereum marketplace slated to emerge by the close of the year. This alliance marks the first major Ethereum market endeavor that vows to uphold and honor creator royalties – a covenant reflecting their dedication to the artists powering the web3 wave.
Yuga Labs' decision to exclusively partner with marketplaces that honor this principle is a call for fairness in the creative domain, potentially leading to a broader acceptance of similar practices industry-wide.
❗Why It Matters
This partnership represents a paradigm shift in NFT marketplaces, placing creator rights and royalties at the forefront. Yuga Labs and Magic Eden's stance could set a new industry standard, but it remains to be seen if the bulk of trading liquidity flows to the upcoming marketplace.
🎤 Founder Feedback
This isn't just a marketplace; it's a statement. We stand with creators today and tomorrow, ensuring their ingenuity is recognized and rewarded.Daniel Alegre, CEO of Yuga Labs
🔜 What's Next?
As the year progresses, keep an eye out for more details on this pioneering Ethereum marketplace, set to redefine how creator royalties are handled in the NFT space.
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