How Zero Royalty is Killing Magic Eden NFT Marketplace – Katoch Tubes
Magic Eden and the Zero Royalty NFT
Magic Eden and the Zero Royalty NFT
About Magic Eden
About Magic Eden
Launched in Sept 2021, Magic Eden is the leading NFT marketplace on Solana. It accounts for 92% of the total NFT sales on the blockchain
About Zero Royalty
About Zero Royalty
Zero Royalty is a concept that allows trader to buy & sell NFTs without paying additional 5%-12% sum as royalty to the creator.
What's the news?
What's the news?
Magic Eden is losing its market share to the new marketplaces that allows zero royalty NFT trading. Hence it plans to join the trend.
Magic Eden joins the trend
Magic Eden joins the trend
The company is joining hands with marketplace & aggregator Coral Cube to boost its efforts towards zero royalty trades
Angry NFT Creators
Angry NFT Creators
The concept of zero Royalty has angered NFT creators who rely on royalties to fund their work.
Zero Royalty Platforms
Zero Royalty Platforms
Yawww, HadeSwap are some of the early starters of this trend. It has already eroded Magic Eden's share from 92% to 79%
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