Magic Eden defends launch of NFT royalty enforcement tool
Cointelegraph
Published Sep 15, 2022 02:09AM ET
Updated Sep 15, 2022 03:40AM ET
Solana-based nonfungible token (NFT) marketplace Magic Eden has fended off some community backlash following the launch of MetaShield, its new enforcement tool aimed at deterring NFT buyers who bypass creator royalties.
MetaShield, which was reportedly launched in partnership with NFT marketplace and aggregator Coral Cube saw mixed reactions from the NFT community following its launch on Sep. 12, who were split on whether NFT marketplaces should protect creator rights or cut royalty fees to make NFTs cheaper for collectors.
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Written By: Cointelegraph
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