BREAKING

Magic Eden Enables Optional Royalty Function on EVM Chain

SOL

SOL/USDT

$64.13
-4.65%
24h Volume

$2,504,910,696.65

24h H/L

$67.47 / $63.54

Change: $3.93 (6.19%)

Long/Short
78.2%
Long: 78.2%Short: 21.8%
Funding Rate

-0.0032%

Shorts pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$63.92

-1.62%

Volume (24h): -

Resistance Levels
Resistance 3$74.769
Resistance 2$68.3219
Resistance 1$64.4403
Price$63.92
Support 1$63.5444
Support 2$60.0965
Support 3$49.7178
Pivot (PP):$64.3867
Trend:Downtrend
RSI (14):25.7

COINOTAG news reports on September 21, Magic Eden announced via social media that it will enable the optional royalty function on the EVM chain, following community feedback. This change exempts royalties unless explicitly enforced by the creator. The market has introduced reliable EVM royalty enforcement solutions like 721C, which artists can employ to ensure their royalties. However, it’s significant to note that many creators have opted not to activate this enforcement feature, a decision Magic Eden respects to better serve these communities. For those creators interested in enforcing royalties at the contract level, Magic Eden provides a comprehensive guide to assist in this process. This adjustment aims to balance the different needs within the creator community, emphasizing the platform’s commitment to versatility and user autonomy.

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