Magic Eden has been on a remarkable winning streak lately, handing out Diamond Rewards and venture into multi-chain. Still, this has not stopped the market from presenting another new and interesting initiative: the 'Creators Alliance'.
Creator's Alliance unites leading nft projects to establish a sustainable royalty framework, showcasing its dedication to empowering creators and fostering a favorable nft ecosystem.
In an impressive show of market confidence, this effort has successfully attracted a wide range of nft champions: Yuga Labs, RTFKT, Adidas, DeGods, Animoca Brands, Doodles, Pudgy Penguins, and Azuki, among others.
Source: X (RTFKT)Champion a sustainable royalty framework
The collaboration between Magic Eden Creator's Alliance and Yuga Labs notably marks an important step forward in creator empowerment. Together, both Web3 titans are building a living ecosystem which allows nft creators to earn royalties through innovative means.
In sync with Yuga and Magic Eden's market strategies, the Alliance currently focuses solely on ethereum projects. Although, according to a recent post on Xis planned to adopt Solana pNFTs in the near future, offering creators an additional and sustainable source of income.
By receiving support from other leading nft projects, Magic Eden Creator's Alliance remains at the forefront of fostering a prosperous and fair nft ecosystem.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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