Magic Eden's New Ethereum Marketplace with Yuga Labs is Live

Magic Eden officially launched its brand new Ethereum marketplace, marking a giant leap in the NFT world. Partnering with the legendary Yuga Labs, this platform proudly holds the title of "the first major Ethereum platform to respect and honor creator royalties," as Magic Eden itself announced.

Standing Up for Creators:

But that's not all! Magic Eden takes creator rights seriously. They've introduced the Creator's Alliance, a powerful group dedicated to making creator royalties the industry standard. This alliance already boasts heavyweights like Yuga Labs, RTFKT, Azuki, and Pudgy Penguins, showing the movement's momentum. As Yuga Labs CEO, Greg Solano, aptly states, "Royalties are the lifeblood of creators," allowing them to keep building the fun, weird, and innovative projects we love. He commends Magic Eden for creating a platform that "we can all be proud of," featuring personalized collector pages, loyalty rewards, and ironclad royalty enforcement through contracts.

Benefits for Everyone:

It's not just about creators, though. Collectors also get perks! The marketplace allows you to design your own collector pages and earn loyalty rewards for participating in trades. To celebrate the launch, Yuga Labs is even offering temporary royalty reductions on their collections!

A Collaborative Future:

Magic Eden CEO, Jack Lu, expresses his deep appreciation for their partners and the community's support through the Creator's Alliance. He reiterates their commitment to "respecting creator royalties and fostering growth within the industry."

Celebrating the Moment:

To commemorate this landmark partnership, Yuga Labs, Magic Eden, and the Creator's Alliance collaborated on a limited-edition NFT designed by the renowned Cool Cats artist, Clon. Get ready for a chance to snag one of these unique collectibles! 500 will be randomly airdropped to platform users, while another 500 will be awarded to users generating the highest creator royalties on the platform.

Building a Brighter Tomorrow:

This launch caps off a successful quarter for Magic Eden, which also saw the release of their cross-chain wallet, a rewards program, and contributions to the NonFungibleDAO.

With its focus on creator rights and a commitment to building a better NFT ecosystem, Magic Eden's new Ethereum marketplace is poised to make a significant impact.