How Zero Royalty is Killing Magic Eden NFT Marketplace – Katoch Tubes

Magic Eden and the Zero Royalty NFT

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

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?

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

The company is joining hands with marketplace & aggregator Coral Cube to boost its efforts towards zero royalty trades

Angry NFT Creators

The concept of zero Royalty has angered NFT creators who rely on royalties to fund their work.

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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