Yuga Labs and Magic Eden Collaborate to Revolutionize Creator Royalties in Web3
Yuga Labs, a major player in web3 and home to popular NFT projects such as Bored Ape Yacht Club and CryptoPunks, has partnered with cross-chain NFT platform Magic Eden to create the first-ever Ethereum marketplace contractually obligated to uphold creator royalties. Both companies share a vision for a fair and rewarding ecosystem for content creators, with a focus on empowering creators to receive royalty payments for their original work. Yuga Labs CEO Daniel Alegre expressed optimism about the partnership, stating that it represents a win for the entire ecosystem. The collaboration between Yuga Labs and Magic Eden sets a new standard for the industry and promises to bring about a more inclusive and supportive ecosystem for content contributors.
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