{"id":31708,"date":"2023-11-04T14:23:00","date_gmt":"2023-11-04T14:23:00","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/11\/04\/yuga-labs-and-magic-eden-announce-new-ethereum-nft-marketplace-to-protect-creator-royalties\/"},"modified":"2023-11-04T14:23:01","modified_gmt":"2023-11-04T14:23:01","slug":"yuga-labs-and-magic-eden-announce-new-ethereum-nft-marketplace-to-protect-creator-royalties","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/11\/04\/yuga-labs-and-magic-eden-announce-new-ethereum-nft-marketplace-to-protect-creator-royalties\/","title":{"rendered":"Yuga Labs and Magic Eden announce new Ethereum NFT marketplace to protect creator royalties"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/yuga-labs-bayc-nft-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/yuga-labs-bayc-nft-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/yuga-labs-bayc-nft-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/yuga-labs-bayc-nft-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/11\/yuga-labs-bayc-nft.png\" alt=\"Yuga Labs BAYC\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Yuga Labs and Magic Eden plan to launch the new Magic Eden ETH marketplace earlier than the top of 2023.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The startups declare this would be the first main Ethereum marketplace \u201ccontractually obligated\u201d to protect creator royalties.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Yuga Labs CEO Daniel Alegre says the new ETH marketplace is a win for the web3 ecosystem.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Yuga Labs, the Web3 startup behind the favored Bored Ape Yacht Club (BAYC), <a href=\"https:\/\/coinjournal.net\/news\/yuga-labs-shifts-focus-to-metaverse-project-otherside-after-restructuring\/\">Otherside<\/a>, Meebits and CryptoPunks, is partnering cross-chain <a href=\"https:\/\/coinjournal.net\/nfts\/\">NFT platform<\/a> Magic Eden to launch a new Ethereum marketplace.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to an announcement posted as we speak on X, Yuga Labs mentioned the collaboration with Magic Eden is for the launch of Magic Eden ETH marketplace, set to turn into the primary Ethereum NFT marketplace to function a contractual obligation to protect creator royalties.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The blockchain startup expects the marketplace to be stay by the top of this 12 months.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Planting one thing new for all creators.<\/p>\n<p>We\u2019re partnering with Magic Eden to launch the new Magic Eden ETH marketplace \u2013 the primary main ETH marketplace contractually obligated to honor creator royalties.<\/p>\n<p>The marketplace will launch finish of 2023, extra particulars quickly. <a href=\"https:\/\/t.co\/iDrBM46nHk\">pic.twitter.com\/iDrBM46nHk<\/a><\/p>\n<p>\u2014 Yuga Labs (@yugalabs) <a href=\"https:\/\/twitter.com\/yugalabs\/status\/1720757313676488927?ref_src=twsrc%5Etfw\">November 4, 2023<\/a><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">Creators are important to Web3<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Yuga Labs and Magic Eden\u2019s endeavour comes because the NFT house grapples with the difficulty of <a href=\"https:\/\/coinjournal.net\/news\/ethereum-based-nft-royalties-have-hit-1-8-billion-galaxy-digital\/\">creator royalties<\/a>, notably as main marketplaces slash charges or scrap them altogether. The two startups are unequivocal in regards to the want to respect inventive entrepreneurs, stating in a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/yuga-labs-and-magic-eden-to-collaborate-on-a-new-ethereum-marketplace-to-protect-creator-royalties-301977665.html\" target=\"_blank\" rel=\"noopener\">press release<\/a> that the difficulty of \u201ccreator royalties is non-negotiable.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The BAYC creator says it&#8217;ll, going ahead, solely accomplice with marketplaces that search to protect creators.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cWe see this partnership with Magic Eden as a win for the whole ecosystem,\u201d Yuga Labs CEO Daniel Alegre famous.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">According to him, creators are key to Web3, and with out them, the ecosystem received\u2019t thrive.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Magic Eden CEO and co-founder, Jack Lu mentioned:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cRight now, it\u2019s a priority to provide creatives with the support they deserve with creator royalty programs. In collaboration with Yuga Labs, we\u2019re set to develop an Ethereum marketplace that resets the standard for royalty allocation and are hopeful this action will reverberate throughout the ecosystem.\u201d<\/span><\/p>\n<\/blockquote>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/yuga-labs-and-magic-eden-announce-new-ethereum-nft-marketplace-to-protect-creator-royalties\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Yuga Labs and Magic Eden plan to launch the new Magic Eden ETH marketplace earlier than the top of 2023. The startups declare this would be the first main Ethereum marketplace \u201ccontractually obligated\u201d to protect creator royalties. Yuga Labs CEO Daniel Alegre says the new ETH marketplace is a win for the web3 ecosystem. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":31710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[6],"tags":[1353,2110,2458,108,582,2457,91,85,1175,8438,581],"class_list":["post-31708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-announce","tag-creator","tag-eden","tag-ethereum","tag-labs","tag-magic","tag-marketplace","tag-nft","tag-protect","tag-royalties","tag-yuga","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/31708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=31708"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/31708\/revisions"}],"predecessor-version":[{"id":31709,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/31708\/revisions\/31709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/31710"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=31708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=31708"},{"taxonomy":"post_tag","embeddable":true,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