Magic Eden launches a new protocol to enforce creator royalties

ChainCatcher news, the Solana ecosystem NFT marketplace Magic Eden announced that starting from December 2, Magic Eden will launch a protocol that will impose royalties on all new collections that choose to use this tool.

In addition, the new protocol also offers dynamic royalties, which outline the relationship between NFT sale prices and royalty amounts based on a linear price curve, as well as customizable token transferability, allowing creators to gamify the trading behavior rules of their collections. After the launch, the platform will host a free "Magic Mint" for users to test the Open Creator Protocol and its features. (source link)