Magic Eden has had a remarkable run of wins lately Diamond rewards and undertaking multiple chains. However, this hasn’t stopped the market from unveiling another exciting new initiative: the ‘Creator’s Alliance’.
The Creator’s Alliance unites the best NFT projects to establish a sustainable royalty framework, demonstrating its commitment to empowering creators and fostering a beneficial NFT ecosystem.
In an impressive display of market confidence, this endeavor has successfully attracted a wide range of NFT champions: Yuga Labs, RTFKT, Adidas, DeGods, Animoca Brands, Doodles, Pudgy Penguins and Azuki, among others.
Source: X (RTFKT)Standing up for a sustainable royalty framework
Notably, the partnership between the Magic Eden Creator’s Alliance and Yuga Labs marks an important step forward in empowering creators. Together they are both Web3 titans building a living ecosystem that allows NFT creators to earn royalties in innovative ways.
In line with Yuga and Magic Eden’s market strategies, the Alliance currently focuses exclusively on Ethereum projects. Although, according to a recent post on Xwill embrace Solana pNFTs in the near future, offering creators an additional, sustainable source of income.
Receiving support from other leading NFT projects, the Magic Eden Creator’s Alliance continues to lead the way in nurturing a thriving and equitable NFT ecosystem.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.