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Yuga Labs and Magic Eden Set New Creator Royalty Standards

Yuga Labs and Magic Eden Set New Creator Royalty Standards

Maryna Khikm
November 09, 2023

Today's sponsor

Hey, Community!

The non-fungible world remains at the forefront of reshaping the future of digital art, web3 gaming, fashion, and beyond, boldly bridging two realms. Our today’s newsletter edition is rich in new launches, collabs, and other exciting developments in the industry.

Dive in to uncover the most significant non-fungible and web3 highlights from the recent!

News Story of the Week

Yuga Labs and Magic Eden to Launch an ETH NFT Marketplace

Yuga Labs and Magic Eden partnered to launch an Ethereum NFT marketplace by the end of 2023. The hallmark of a brand-new platform is prioritizing continuous royalty payments for NFT artists. The upcoming product from Magic Eden and Yuga Labs will be the first major ETH marketplace committed to honoring creator royalties through a contract.

Both Magic Eden and Yuga Labs have affirmed that ensuring creators receive royalties for their art is an uncompromising priority. Yuga Labs has also expressed its intention to exclusively collaborate only with platforms that adhere to these principles.

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^{_{“We see this partnership with Magic Eden as a win for the whole ecosystem.”}}

^{_{Daniel Alegre}}

Yuga Labs and Magic Eden recognize that web3 creators and builders are the main engine of the industry and it's worth treating them in the best way possible.

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NFT Drop of the Week

adidas X Crazyfast Bugatti

Bugatti and adidas joined their visions and creative forces to launch a series of exclusive football boots: the adidas X Crazyfast Bugatti. Designed for speed and lightness, these cutting-edge boots, available in a limited run of just 99 pairs, stand out with their exceptional appearance that reflects the elegance of Bugatti vehicles. The boots have dropped in two colors: classic black resembling the style of Bugatti’s modern vehicles and an eye-catching hue of blue, reminiscent of the early Bugatti Grand Prix cars. Each pair of boots comes in physical and digital versions, forging a harmonious link between two distinct worlds.

When? Nov 8th-11th