Magic Eden has been on a remarkable winning streak lately, dishing out Diamond rewards and venturing multi-chain. Still, this hasn’t prevented the marketplace from unveiling yet another exciting new initiative — the ‘Creator’s Alliance’.
The Creator’s Alliance unites top NFT projects to establish a sustainable royalty framework, showcasing its dedication to empowering creators and fostering a favorable NFT ecosystem.
In an impressive display of market trust, this endeavor has successfully attracted a wide array of NFT champions: Yuga Labs, RTFKT, Adidas, DeGods, Animoca Brands, Doodles, Pudgy Penguins, and Azuki, among others.
Source: X (RTFKT)
Championing a Sustainable Royalty Framework
The collaboration between the Magic Eden Creator’s Alliance and Yuga Labs notably marks a significant step forward in empowering creators. Together, both Web3 titans are building a lively ecosystem that enables NFT creators to earn royalties through innovative means.
In sync with Yuga and Magic Eden’s marketplace strategies, the Alliance currently solely focuses on Ethereum projects. Although, according to a recent post on X, it is set to embrace Solana pNFTs in the near future, offering creators an additional, sustainable revenue source.
By receiving support from other leading NFT projects, the Magic Eden Creator’s Alliance remains at the forefront of nurturing a thriving and fair NFT ecosystem.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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