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Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing creators to enforce royalties on their collections.It follows the announcement of a similar tool from rival NFT marketplace OpenSea in early November.According to a Dec. 1 statement, the open-source royalty enforcement tool
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In addition, the new protocol also offers dynamic royalties, a feature that outlines a relationship between an NFT's sale price and royalty amount based on a linear price curve, along with customizable token transferability, which allows creators to gamify the rules of their collection's trading behavior. Source
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Solana’s top NFT marketplace is the latest platform to switch to a no-fee model, following in the controversial trend set by X2Y2 and others. Source
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Solana-based nonfungible token (NFT) marketplace Magic Eden has fended off some community backlash following the launch of MetaShield, its new enforcement tool aimed at deterring NFT buyers who bypass creator royalties. MetaShield, which was reportedly launched in partnership with NFT marketplace and aggregator Coral Cube saw mixed reactions from the NFT
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“We don’t think winning on ETH will happen overnight. We are entering the market with humility and are prepared to build for a long while," Zhuoxun Yin, co-founder of Magic Eden, told CoinDesk. "With that being said, we have a strong conviction for our hypothesis on what NFT creators and
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The leading NFT marketplace on the Solana network, Magic Eden, has raised a total of $130 million in a Series B funding round. This funding round was co-led by Electric Capital and Greylock. The seeding round, announced on Tuesday, values the platform at $1.6 billion, making it level with Series
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“We know that NFTs are the best way to bring people onto the blockchain,” Jack Lu, CEO of Magic Eden, said in a statement. “NFTs are exciting, social and cultural experiences that bring connectivity to the world. We’ve made the conscious decision to support both our creators and users through
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The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours. Original Source
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NFT strategy game Dragon War has confirmed a partnership with Magic Eden, Solana’s fast-growing NFT marketplace. As part of the deal, the play-to-earn project will make Magic Eden its preferred INO launchpad, with 5,000 non-fungible tokens (NFTs) set to go live on the site on May 16, 2022. For the past
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Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange, with proceeds going to Fondazione Milan, the clubs' charity arm.The limited-edition collection will feature 75,817 NFTs, a number representative of the capacity of the club's home ground San
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