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Magic Eden NFT Marketplace moves to optional royalty model

Nishit Jogi by Nishit Jogi
October 17, 2022
in News
Reading Time: 1 min read
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Home » News » Magic Eden NFT Marketplace moves to optional royalty model

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Magic Eden, a Solana non-fungible token (NFT) mainstay, is switching to an optional royalty model, according to a Friday night Twitter thread. The company also announced that it will waive its 2% platform fee, effective later Friday. The move follows in the footsteps of other popular NFT marketplaces, such as X2Y2, which have made royalty payments optional in order to attract more users, much to the chagrin of most creators.

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