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Join Yuga Labs’ Crusade for Creators’ Royalties

Author

Unifred
February 29, 2024

Hey, Community!

One reason non-fungibility has survived until today is the unswerving efforts of creators. Cutting across diverse art themes, these non-fungible creators play a vital role in revolutionizing the way we see art forever. Our highlights for the week focus on a platform advocating for a creator-first marketplace. Dive right in!

Immerse yourself in the details involving Yuga Labs’ plan to revive creators’ royalties to the NFT realm. Also, explore the captivating blend between a popular bird-themed collection and the Dogecoin community.

Ready to unpack these updates and many more? Plunge yourself into the details!

News Story of the Week

Yuga Labs Upholds Creators’ Royalties

Yuga Labs, a well-known NFT creator, has collaborated with Magic Eden to launch a creator-focused NFT marketplace after three months of anticipation. The marketplace upholds creators’ royalties, which are fees paid to creators of an NFT after every secondary sale of that NFT.

Discussions involving creators' royalties have been controversial over the past few years. Popular NFT marketplaces adopted varying stances on the matter, ranging between compulsory, optional, and zero royalties enforcement. However, Yuga Labs takes a solid stand behind enforcing the royalty fee.

As part of its crusade towards the revival of royalty fees, Yuga Labs has withdrawn its affiliated NFT collections from marketplaces not enforcing the royalty model. Whether you’re a creator or a non-fungible degen, this move could mark a watershed moment for you.

NFT Drop of the Week

Dogebirds: Moonbirds on Dogecoin

Dogebirds, a bird-themed NFT project, invites all non-fungible degens to explore the combination of the Moonbirds NFT and Dogecoin. Based on the popularity of both projects, Dogebirds emerges as a collection of 10,000 birds on the Dogecoin blockchain.

To bring the Dogebirds collection to fruition, a partnership was forged with the founders of the DRC-20 token standard and the Doge Labs, a development group advocating the Ordinal protocol on the Dogecoin network.

Each of the 10K-piece collectibles has varying rarity traits and tiers across their background, body, eyes, beak, headwear, eyewear, and outerwear. These artworks come to life as inscriptions that are inscribed on the blockchain. Referencing Moonbirds’ non-fungible success, the Dogebirds collection team believes it will garner much attention in no time. You wouldn’t want to miss this rare opportunity. Jump right into this non-fungible journey!

How much?

210 DOGE

Your NFT project definitely deserves the spotlight. Drop us a line on social media if you want to be featured in our next newsletter!

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