In brief Magic Eden, the largest NFT marketplace on Solana, no longer requires traders to pay creator royalties. It’s an abrupt shift to the platform’s stance on royalties following the rise of rival marketplaces that started the trend. Magic Eden, the most popular marketplace for Solana NFTs, announced late Friday that it would no longer strictly honor creator-set royalties on NFTs sold through its platform, bowing to recent pressure as royalties-shunning rivals rapidly stole away its market share. “After some difficult reflection and discussions with many creators, we’ve decided ...
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