Yuga Labs has announced a significant shift in its marketplace strategy by partnering with Magic Eden for the launch of its Ethereum marketplace, set to go live tomorrow. This move includes ending support for marketplaces that do not enforce royalties for all creators, emphasizing Yuga Labs' commitment to creator royalties. The first major collaboration under this new direction is with Magic Eden, marking a bold stance in the NFT space. Several Yuga Labs collections, including Kodas, Otherdeeds, and more, will be affected, excluding those with immutable contracts such as BAYC, MAYC, BAKC, Punks, Meebits, Moonbirds, and Oddities. This decision is expected to increase royalty fees by +2% for the listed Yuga eco collections, a move that has sparked discussions within the community. Additionally, the launch of Magic Eden's Ethereum marketplace has been met with enthusiasm, with the platform achieving over $1M in ETH NFT volume on its first day. The marketplace also introduced a 'mint to earn' feature and allowed purchases using $MEME, signaling a significant step towards broader NFT adoption and creator support.
I worked with @okaybears and @MagicEden to deliver the first ever collection minted on MagicEden's new Ethereum marketplace, @okay_dogs. Smooth mint process, pretty low gas costs, and most importantly, full royalty enforcement using ERC721C. Bullish creator empowerment. https://t.co/2sXtdaHVLP
I just burnt my @goblintown NFTs! 🔥 Operation Resurrection: 🔥 Enables @truth NFT holders to burn their NFTs for future equity in Truth Arts Inc 🤝 Equity $ value is based on the NFT floor value at time of purchase (Snapshots taken on 20th Feb 2024) 🎟 Receive a… https://t.co/RmOs0GJncG https://t.co/L8dMVDWk10
Yup @MagicEden doing it right 🤝📈
NEWS: @okay_dogs, the first ETH launchpad project on @MagicEden, minted out its public sale in 2 minutes. https://t.co/MMi3wc1BpJ
NEWS: @truth, known for projects like @goblintown launches 'Operation Resurrection', allowing NFT holders to burn NFTs for equity in their new venture 'Truth Arts'. https://t.co/HGB75YB1ec
ETH dudes minted Okay Dogs on the Magic Eden launch pad then immediately zoom to Blur to list😂 Shoutout Magic Eden for trying https://t.co/6eOpD84EL2
NEW: @okaybears $ETH NFT COLLECTION @okay_dogs BECOMES THE FIRST TO MINT OUT ON @MagicEden'S NEW $ETH LAUNCHPAD https://t.co/7R2meDZ9RE
Thanks to WL from @ApesPlus and @NeonApesYC I was able to mint @okay_dogs And this was a "mint to earn" - not sure I love mint to earn, with allowlist, but cool to be a part of it.
ICYMI: Magic Eden's @Non_FungibleDAO governed by future $NFT token holders, shares their vision on how the token will play a role in widespread NFT adoption. https://t.co/GtMeMxG1o6
Just minted @okay_dogs 🙏🏻 Big shoutout to @ApesPlus for allowlist for the @BoredApeYC family. This is epic. @NeonApesYC @DareVader_eth Who also minted? https://t.co/XH07r5MFxn
NEW: @MagicEden $ETH NFT MARKETPLACE VOLUME SURPASSES $1M ON LAUNCH DAY https://t.co/2ZZSlMj0wK
NEW: @MagicEden DOES ITS FIRST $1M $ETH NFT VOLUME - ON LAUNCH DAY https://t.co/bznsuPm64u
💯 Hearing rumors that now OpenSea wants to step up and support creators/royalties potentially... You've gotta be kidding me if this is true 🤣🤣 They announced the sunsetting of Operator Filter in August to end on Feb 29... Yuga announced Magic Eden and the ETH marketplace…
I minted 8 artifacts for @okay_dogs with one click. Laying back relaxed. Easiest mint I’ve done. $37 in gas fees. The goat @0xCygaar and @MagicEden / @yugalabs crushed it! Kudos to the team. Beautifully done. https://t.co/x2REVCISzv
Well @magiceden that was a fucking smooth experience. Minted 2 wallets 11 / 17 ETH mints in 1 transaction and paid 32-37$ in gas respectively. Honestly one of the smootest mint experiences i ever had. @Okay_dogs , @okaybears @0xCygaar thank you for this https://t.co/SdD3bDboL0
Just minted my @okay_dogs artifact on @MagicEden's new $ETH platform and it was smooth af! Next step ➡️ Reveal in 72h! Did you already mint your artifact? #WAGBO https://t.co/b7NoPjIQJF
Stoked to have joined @ApesPlus last week and won a WL spot to secure an @okay_dogs mint. This was the 1st ETH mint on @MagicEden so I had to show some love. If you are in the @yugalabs ecosystem and want to get the heads up on potential WL ALPHA then make sure to join the… https://t.co/hQmIdrmXeI
Just minted @okay_dogs 🙏🏻 Big shoutout to @ApesPlus for allowlist for the @BoredApeYC family. This is epic. @NeonApesYC Who also minted? https://t.co/kMn2zOON8c
In our latest sponsored post with @OtherPageHQ, we explore how it's bringing its "forever profiles" to NFT marketplace @MagicEden. https://t.co/7moT1YpPPi
Okay, I'm in. I burned a @truth Illuminati NFT for $1,000 in equity. Seamless process from @Republic Sharedrops. https://t.co/8xkgDiC9CG
ICYMI: y00ts indicated it'll use royalties from Magic Eden's new marketplace to buy back y00ts NFTs and endorse y00ts creators with 𝕏 badges. https://t.co/uAiUxXDyCR
Pay Royalties! Why? We win when web3 works well. WGMI. (reposting in honor of @MagicEden's royalty enforcing ETH launch! Well done, ME.) https://t.co/e2iHKBVnPo
Wtf? Resurrecting Goblintown? Truth Labs is letting users burn NFTs for their choice of future equity rights or ownership in Truth Arts IP. https://t.co/wWVLJlkuvc
I'm planning to set my @truth holdings on fire and get 10k worth of SAFE notes for Truth Arts. This will need KYC and approval so hoping this goes thru. I was just a bit short on the $25k tier but its a no brainer to me to want to be a shareholder of a NFT company like truth.… https://t.co/Er5yUIqApT https://t.co/BJsPw2cuye
Operation Resurrection begins now. We are introducing a multi-phase initiative to give Truth NFT holders the opportunity to burn their NFTs for either future equity rights in the company, or ownership in the Truth Arts IP. This is the first manifestation of our approach to… https://t.co/R4oNMsngGY
We’re excited to share that Truth Labs and Upstream have merged to become Truth Arts Inc! Truth will take a unique approach to building an entertainment and technology company around the Truth and @Goblintown universe. We have lots of news to share! You don’t want to miss this. https://t.co/FeoKxsCp61
Bitcoin NFTs now dominate trading volume on Magic Eden https://t.co/nKq8KXb4yd
I have to say.... I kind of love the new @MagicEden NFT marketplace...
ME ❤️ $MEME Thank you @MagicEden for this surprise. You can now check Memeland NFT stats and buy all NFTs on ME using $MEME. This was not something we formally closed with them and that’s why this makes it even more special. Wishing them the best with this launch🫡🏴☠️ https://t.co/VJisrDJMh1
Some smart degen within @MagicEden team decided to allow NFT buying with $MEME 😎 ETH, USDC, MEME... glory https://t.co/tl6RsSTJDR
You can buy @Memeland NFTs using @memecoin $meme on @MagicEden This is the beginning of the biggest project nfts ever seen! https://t.co/ZP9tqq4zcu
Truth is proud to be a @MagicEden ETH Marketplace launch partner in the Creator Alliance! Truth NFT holders will earn bonus Diamonds on the platform. Going forward, support for marketplaces that do not enforce royalties will be discontinued (including Opensea and Blur).
You can now officially buy any ETH NFTs on @MagicEden using $Meme!!! This is a huge step for all @memecoin holders!! 😁🔥 Painfully bullish!!! 🚀🔥🔥 https://t.co/D2ZnVbWLWO
Congrats to our marketplace partners @MagicEden for the successful launch! https://t.co/g7VkhJmy6t
Citizens now have a new home on @MagicEden! This move is only possible in alignment with the other top collections on ETH. We're excited to continue pushing the space forward together, and a 50% Diamond Bonus on our NFTs is nice too! https://t.co/yox9N8Kg7j
the time is WoW to empower our creators. huge congrats @MagicEden 🏆 https://t.co/H51YVtWaW2
Bitcoin NFTs on Magic Eden have seen their best month yet for fees and trading volume amid sustained interest in the leading cryptocurrency from industry participants and Wall Street https://t.co/WE2PeZ0Ssu
Congrats @MagicEden! Here's to unlocking limitless success together. Thrilled to be partnering with you https://t.co/Sx9CrCOHo2
eth marketplace on magic eden is here. i feel like it’s a good day to pfp my ape https://t.co/PM9FgtYOM0 https://t.co/uGT9PF55zC
It’s here! @MagicEden marketplace colab with @yugalabs ! https://t.co/c5PnmtMQpK https://t.co/I0rPK9mZEi
We will be officially joining @MagicEden as our preferred marketplace. We will be discontinuing support for marketplaces that do not enforce royalties for all creators. A creator alliance has been formed with other top web3 brands and communities. We are proud to stand with them… https://t.co/rH5WornIpu
「 Earn+ 」 As @yugalabs sunsets support for marketplaces not enforcing creator royalties, we welcome all royalty-enforced Yuga collections to the Mintify Marketplace with double XP for buying, bidding, listing, and accepting offers. Available Now ↴ Otherside Expanded,… https://t.co/DawpMelzOf
.@magiceden is en fuego top multi-chain nft marketplace $nft coming soon gonna be a special year for a special team and company https://t.co/mchJZNtpWG
Congratulations to the 480 APES+ members who secured an allowlist. - Mint: 02/27 at 7pm EST - Price: 0.068E - Reveal: 72 hours post mint Good luck to our friends at @MagicEden & @okay_dogs with their launch 🚀 https://t.co/Setiwo3Qh9
RUG RADIO ROUNDUP by web3memories The latest news for February 27th 📰 🗞 MagicEden Ethereum Marketplace goes LIVE today - they are the first major marketplace to partner with creators 🗞 Yuga Labs announced they will block marketplaces that don’t support royalties ahead of… https://t.co/eIbbZsTdEt
Looking forward to checking out @MagicEden’s ETH marketplace. Will it be good for art and art collectors, or just degen traders?
A big day! As @magiceden marketplace opens up - what will transpire I wonder? https://t.co/Co557NishX https://t.co/DyWMT4jEK3
8 and a half hours until Magic Eden ETH marketplace goes live 💎
ICYMI: Yuga Labs protects NFT royalties ahead of Magic Eden’s Ethereum marketplace launch https://t.co/YSbLZbu1la
As @MagicEden's new ETH marketplace launches I wanted to make in univocally clear that we stand in favor of everything they're doing for the space along with Yuga and many of our partners including @pudgypenguins, @ValeriaStudios, @akidcalledbeast, @RugRadio, @truth & @Deadfellaz…
Yuga Labs has announced that the Magic Eden Ethereum marketplace will go live tomorrow, the first major marketplace to partner with creators. Starting tomorrow, Yuga Labs will stop working with marketplaces that do not support all creator royalties, meaning Yuga Labs collections…
Super excited to have secured and distributed 480 Allowlist spots for Okay Dogs to our @ApesPlus Community 🤯! Huge thanks to the @okay_dogs and @okaybears team. Be sure to tune into our Discord AMA with their co-founder @kaisisokay tonight at 9PM EST! Join discord here if… https://t.co/n3vqhtVgVb
Creator royalties are the heart of web3. We saw what happened when we let DeFi maxis and whales farm our beloved jpegs into cannon fodder. Nerfing liquidity a little will do wonders for the space. Watch. https://t.co/RkKZ2ICJGS
.@yugalabs will end support for NFT marketplaces lacking respect for creator royalty fees, meaning several collections will not be available to trade on marketplaces that don’t enforce such royalties. @httpsageyd reports https://t.co/q152ugNPVS
‘@MagicEden will kick off bull this next NFT bull run
Mint to Earn is starting with a bang for our Ethereum launch week. It’s simple, mint these projects on Launchpad, get Diamond Rewards. @okay_dogs @theclashub @BattleDerbyGame https://t.co/KVYoYjkXp4
Yuga Labs protects NFT royalties ahead of Magic Eden's Ethereum marketplace launch https://t.co/ZIvFUSDNId
What are your thoughts on trading NFTs with enforced royalties at Magic Eden?
In 3 days… Opensea is sunsetting their operator filter that enforces royalties Blur is reliant on that contract so the marketplace will also no longer enforce them At this point, @MagicEden’s new eth nft marketplace will be the only major place to buy NFTs and pay royalties…
Here’s the big picture. Yes - creator royalties are good BUT The listed Yuga eco collections are about to have a royalty increase of +2% (Marketplace royalty of Magic Eden) when they block everyone else whose name isn’t Magic Eden This is not the way
Wooow Yuga sunsetting support for all marketplaces that don’t enforce royalties for all creators. Big & bold stance for Yuga Big W for Magic Eden Big L for OpenSea https://t.co/OtbjSl28g8
Yuga to block all non-royalty-enforcing marketplaces for most of their collections excluding BAYC, MAYC, BAKC, Punks, Meebits, Moonbirds, Oddities (all those collections that have immutable contracts). That leaves Kodas, Otherdeeds and lots lots more. OpenSea, Blur, LooksRare,… https://t.co/AfnSTcc683
NEWS: Yuga announces their MagicEden marketplace goes live tomorrow and they’ll be stopping trading on other marketplaces
Yuga and Magic Eden are taking a big step forward to bring us back juicy royalties from our users. In sync with the marketplace launch, tomorrow we will be sunsetting our support for marketplaces who don't allow us to milk more our users. https://t.co/sBtw1A54tg
NEW: With Magic Eden Ethereum marketplace launch, Yuga Labs will no longer support marketplaces that do not support royalties for all creators. https://t.co/ZGHSVrlgwo
🚨BREAKING: STARTING TOMORROW @YUGALABS TO SUNSET SUPPORT FOR MARKETPLACES THAT DO NOT SUPPORT ROYALTIES FOR ALL CREATORS
BREAKING: @yugalabs TO SUNSET SUPPORT FOR MARKETPLACES THAT DO NOT SUPPORT ROYALTIES FOR ALL CREATORS - STARTING TOMORROW https://t.co/DbKCOKc5Ql
“Tomorrow we will be sunsetting our support for marketplaces who don’t support royalties for ALL creators” - Yuga Labs https://t.co/lMLPOB0VVf