No products in the cart.
- Latest
- Trending
ADVERTISEMENT
There has been yet another development in the ongoing NFT Loyalty War. magic edenhas decided to make its controversial decision optional on its platform and has released a new royalty enforcement tool.
This tool Open Creator Protocol (OCP) For Solana-based assets only. Once the Solana NFT creator uses her OCP, royalties will be paid every time the product is sold on the secondary market.
this will happen in just a few weeks high seas We launched our own tool that allows users to block marketplaces that don’t enforce usage fees. And while Magic Eden hasn’t done away with optional royalty policies per se, the tool allows creators to make their own decisions.
Creators have the option to adopt the Open Creator Protocol, which allows them to use the protocol to protect their royalties and create their own rules for trading collections. is available, but I think many people will choose the protocol.” Magic Eden CEO Jack Lu
This, together with OpenSea’s tools, shows where the industry is headed. Loyalty lovers should also enforce loyalty at the smart contract level.
More >> Ultimate NFT Guide
want more? Connect with NFT Plaza
Join our weekly newsletter
Join Discord
follow me on twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
