magic eden, a Solana ທີ່ອີງໃສ່ ຕະຫຼາດ NFT, revealed it was switching to an optional royalty model and said it would waive the 2% platform fee from Oct 14.
The new optional incentivization model allows the buyer to determine the number of royalties they will pay. While all collections will honor full royalties by default, buyers have the option decide whether to pay and how much.
magic eden ຂຽນ that, its “rationale for shifting royalties payments to the buyer is to make sure the buyer has full understanding of whether they are going to receive the benefits that creators provide (Discord, staking, etc.).”
The NFT marketplace conceded that the decision was not easy. Still, the shifting market dynamics forced its hand. The Web3 company added that it would also launch a $1 million Creator Monetization Hackathon. The initiative will focus on developing new ways for creators to monetize their works on the platform.
Magic Eden: Solana NFT Marketplace Optional Royalties
Recently, Solana-based NFT marketplaces like X2Y2, Yawww, and Solanart launched platforms that allow users to trade NFTs without paying royalties. Apart from these marketplaces, other NFT projects like DeGods also introduced the concept of 0% royalties to the market.
Source: https://beincrypto.com/magic-eden-royalty-model-dominance-solana-nft/