y00ts: Starting tomorrow, creator royalties will be enforced through Magic Eden

ChainCatcher news, the NFT project y00ts announced on social media that starting tomorrow, the project will enforce a royalty policy in collaboration with Magic Eden. 100% of the royalties will be used for two things: purchasing y00ts and providing X badges for y00ts creators. Once the Magic Eden ETH marketplace goes live, y00ts will not be tradable on marketplaces that do not enforce royalties.

This morning, Yuga Labs announced on social media that the new Magic Eden Ethereum marketplace, in collaboration with Magic Eden, will launch tomorrow. It is said to be the first major marketplace launched in partnership with creators, featuring custom pages for collectors, loyalty rewards, and a contractual obligation to honor creator royalties.

Additionally, starting February 27, Yuga Labs will stop supporting marketplaces that do not support all creator royalties, and collectibles with royalty filters will only be traded on marketplaces that respect the agreement and pay royalties to all creators.