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Magic Eden changes strategy on its royalty payment plan

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The leading Solana-centric NFT marketplace, Magic Eden, launched its brutal royalty enforcement process. Now, more are joining the crowd by implementing the controversial ‘optional-royalty’ model.

With its new service, Magic Eden will allow customers to choose their favorite Royalty payments When they are purchased non-fungible, their own platform fees are also temporarily waived in an apparent act of solidarity. The latest update will remain in effect until the royalty becomes enforceable.

The change comes as major contenders recently earned spots in the Solana heavyweights. Basically, undercutting Magic Eden by allowing buyers to opt out of extra fees. Therefore, in this period of unrest, they saw no other option but to adopt similar tactics.

Following the news, NFT Twitter descended into a mildly entertaining diatribe, with people picking a side. The Great Royal Controversy And linguistic warfare in the Twittersphere. Meanwhile, the famous artist. Mike WinklemanHe took a more measured response by expressing to his legions of fans that putting the onus on the buyer could help the industry in the long run.

Magic Eden hopes the move will help shore up its business and prevent more users from jumping ship. However, the subsequent innovation of NFT sales will likely prove a more powerful antidote.

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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.



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