NFT Marketplace Magic Eden canceled mandatory royalties

The platform of non -replaceable tokens (NFT) Magic Eden on the basis of SOLANA announced the transition to the optional model of the royalties.

🧵 AFTER SOME Difficult Reflection and Discussions with Many Creators, We’ve Deceded to Move to Optional Royalties On @magiceden.

Effective Later Today, Wil Also Begin Running a Promotion to Wair Platform Fees.

– Magic Eden 🪄 (@Magiceden) October 15, 2022

Now users will independently determine the amount of deductions to the authors of the collections when selling NFT.

Magic Eden also announced a hacaton to develop alternative tools for monetizing a project with a prize pool of up to $ 1 million.

According to Delphi Digital, the number of NFT wallets exceeded 6 million. Despite stagnation in the segment, most users first performed operations with inconsistent tokens in 2022.

The Total Number of Wallets that Have Ever Held An Nft Has Doubled this, Surpassing 6 Million Kraken joins EU . Pic.Twitter.COM/F77TVX8DF3

– Delphi Digital (@delphi_digital) October 14, 2022

Recall that in June, Magic Eden attracted $ 130 million following a round of financing of series B. It was led by Electric Capital and Greylock Partners.

In March, the NFT marketplace closed the round of financing of series A in the amount of $ 27 million.

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