BREAKING

Magic Eden Enables Optional Royalty Function on EVM Chain

SOL

SOL/USDT

$75.02
+0.71%
24h Volume

$1,195,274,970.74

24h H/L

$75.60 / $73.39

Change: $2.21 (3.01%)

Long/Short
75.3%
Long: 75.3%Short: 24.7%
Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$74.88

-0.21%

Volume (24h): -

Resistance Levels
Resistance 3$80.0071
Resistance 2$77.9225
Resistance 1$76.0633
Price$74.88
Support 1$74.7398
Support 2$71.3433
Support 3$69.6239
Pivot (PP):$74.7267
Trend:Sideways
RSI (14):46.3

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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