The NFT market Magic Eden will add a new Ethereum market today, which is jointly launched by Magic Eden and Yuga Labs. Yuga Labs stated that it will stop supporting markets that do not support all creator royalties. "Royalties are the lifeblood of keeping creators building interesting and innovative things in this space." As previously reported by BlockBeats, Yuga Labs announced in November 2023 that it is partnering with Magic Eden to launch a new Magic Eden ETH market, which is the first Ethereum NFT trading market that is contractually obligated to fulfill creator royalties.
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Magic Eden will be launched on the Ethereum market today
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