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Top NFT marketplace MagicEden has announced a new feature called MetaShield. This feature is intended to help creators future-proof their royalties.
Developed in collaboration with Coral Cube to help creators track their creations. Solana-based assets Displayed with custom royalties. By identifying these assets on the NFT Marketplace, creators can ensure that the royalties they deserve are paid.
They can take action if they identify NFTs listed to circumvent royalty requirements. These include blurring images and flagging NFTs outright. Even if these NFTs are sold without paying royalties, their metadata will show an accrued royalties liability that can be paid to their creators at a later date.
Loyalty is a big deal NFT Creator Because they make up a significant portion of their income. More than this, they change ownership of the work and intend to guarantee a passive income from them by fending off royalties.
This is what motivated MagicEden to develop this tool and we now have plans to do more in the future.
“MetaShield is just one of the tools we developed to address the problem of usage fee bypass. In building this tool with @coralcubenft, we consulted with many of the top projects in the field.‘ said MagicEden’s official Twitter account.
Follow Magic Eden >> twitter
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*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.
