NFT project y00ts announces that creator royalties will be enforced starting tomorrow

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Cointime2024/02/27 06:10

By:Cointime

NFT project y00ts announced on X platform that starting tomorrow, the project will enforce a royalty policy together with Magic Eden. 100% of the royalties will be used for two things: buying y00ts and providing X badges for y00ts creators. When Magic Eden ETH market goes live, y00ts will not be able to trade on markets that do not enforce royalties.

In this morning's news, Yuga Labs announced on X platform that the new Magic Eden Ethereum market, which they collaborated with Magic Eden, will go live tomorrow. It is said to be the first major market launched in collaboration with creators, with a customized page for collectors, loyalty rewards, and an obligation to honor creator royalties according to the contract. In addition, starting from February 27th, Yuga Labs will stop supporting markets that do not support all creator royalties, and their collectibles with royalty filters will only be traded on markets that respect the agreement and pay royalties to all creators at the protocol level.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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