Solana non-fungible token (NFT) mainstay Magic Eden is moving to an optional royalty model, announced by the marketplace in a Friday night Twitter thread.
Magic Eden, a staple of the Solana non-fungible token (NFT) ecosystem, is switching to an optional royalty arrangement
The 2% platform fee will also be waived, according to the business, starting later on Friday.
The action continues a contentious trend started by other well-known NFT marketplaces like X2Y2
In the statement, Magic Eden expressed the hope that this choice would not be made permanently.
Outrage at Magic Eden's message spread quickly on NFT Twitter. 30 minutes after the announcement, the business had a Twitter Spaces to answer queries from its users.