Title: “Empowering Artists: Yuga Labs’ Commitment to Creator Royalties in NFT Space”
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Yuga Labs partners exclusively with royalty-respecting NFT platforms, as Magic Eden launches an Ethereum marketplace prioritizing creator royalties. The decision highlights the company’s commitment to supporting artist rights in the NFT sector.
Introduction
Yuga Labs, known for Bored Ape Yacht Club and Mutant Ape Yacht Club collections, has announced a groundbreaking move to only collaborate with NFT marketplaces that ensure royalties for all creators. This decision comes ahead of the launch of Magic Eden’s Ethereum marketplace, emphasizing the importance of creator royalties in the digital art space.
Main Points
Yuga Labs partners with Magic Eden for the Ethereum marketplace to uphold creator royalties. The company’s Product Manager stresses the significance of fair compensation for creators and a monetization-free creative environment. Yuga Labs lowers royalties for its collections to celebrate the launch of Magic Eden’s marketplace.
The decision impacts newer collections within Yuga Labs’ portfolio, showcasing its dedication to supporting artist royalties. Notable collections like Vessels, Maras, and Koda, along with Otherside: Catalyst tied to the metaverse project, will be protected under the new partnership guidelines.
Conclusion
Yuga Labs’ focus on creator royalties sets a precedent in the NFT market, advocating for fair compensation and creator rights. By blocking collections on non-royalty-enforcing exchanges, the company aims to create a more equitable and supportive environment for artists in the digital art realm.
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