Yuga Labs Introduces Protection Mechanism for NFT Royalties Ahead of Magic Eden's Ethereum Marketplace Debut

Monday, 26 February 2024, 19:45

Yuga Labs has implemented a protective feature to secure NFT royalties prior to the anticipated launch of Magic Eden's Ethereum marketplace. This initiative aims to enhance transparency and safeguard the income streams of NFT creators. The move comes as a proactive step to address potential copyright infringement and ensure fair compensation for artists and creators in the evolving NFT ecosystem.
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Yuga Labs Introduces Protection Mechanism for NFT Royalties Ahead of Magic Eden's Ethereum Marketplace Debut

Yuga Labs Introduces New Protection Mechanism

Yuga Labs has taken a significant step towards safeguarding NFT royalties ahead of Magic Eden's Ethereum marketplace launch. The decision is aimed at improving transparency and protecting creators in the burgeoning NFT space.

Enhanced Security Measures

  • The introduction of a protective feature to secure NFT royalties
  • Proactive approach to address copyright infringement concerns

This move is essential to ensure fair compensation for artists and establish trust within the NFT community.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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