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Magic Eden follows OpenSea with NFT royalty enforcement tool

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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Magic Eden defends launch of NFT royalty enforcement tool

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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NFT Marketplace X2Y2 Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased

“I think for projects that have an ecosystem, [dedicated marketplaces] most definitely are the future,” Alexander Taub, co-founder of Truth, the team behind Goblins, told CryptoX. “If you have multiple collections that are interconnected, then owning that marketplace experience is really important.” Source

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Blockchain to Increase Royalty Streams to Artists in the Digital Music Industry

The transition of royalty payments into the blockchain should empower artists in the music industry by increasing their bargaining power for asking higher payouts, claims a report that blockchain-based digital music platform, OPUS has shared with Cointelegraph.According to OPUS’ study, given the novelty of introducing blockchain to the digital music

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Industry Players Join Former CFTC Royalty on Digital Dollar Project’s New Board

The Digital Dollar Project, which advocates a blockchain-backed digital dollar in the United States, has announced the inaugural roster of its Advisory Board.The new advisors joining the founders of the projectThe project is an initiative of several former heads of the Commodity Futures Trading Commission (CFTC) and Accenture. The

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