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magic eden

Pixel art buy and sell NFT monkey vector icon for 8bit game (Getty Images)
Retract Royalties, Reduce Revenue: NFT Creators Are Suffering and so Are Marketplaces
A growing list of marketplaces are seeing the impacts of platforms ceasing to require buyers to pay royalties on collections. Experts aren’t optimistic about what this means for the market.
Pixel art buy and sell NFT monkey vector icon for 8bit game (Getty Images)

CDCROP: Galaxy Digital Research Associate Salmaan Qadir (LinkedIn)
NFT Royalties May Be ‘Dwindling,’ Galaxy Digital Researcher Says
Salmaan Qadir said NFT creators have earned upwards of $1.8 billion in royalties from secondary sales. But that number may be skewed.
CDCROP: Galaxy Digital Research Associate Salmaan Qadir (LinkedIn)

(TIM VERNON / SCIENCE PHOTO LIBRARY/Getty Images, modified by CoinDesk)
Are NFTs Still Disruptive in a Zero-Royalty World?
Magic Eden announced Friday it would be moving to a royalties-optional model.
(TIM VERNON / SCIENCE PHOTO LIBRARY/Getty Images, modified by CoinDesk)

Magic Eden's booth at the Solana Hacker House in Miami (Danny Nelson/CoinDesk)
NFT Marketplace Magic Eden Moves to Optional Royalty Model
Solana’s top NFT marketplace is the latest platform to switch to a no-fee model, following in the controversial trend set by X2Y2 and others.
Magic Eden's booth at the Solana Hacker House in Miami (Danny Nelson/CoinDesk)

Magic Eden Jack Lu
NFT Exchange Magic Eden Expands to Ethereum
The leading Solana-based non-fungible token platform is taking another swing at OpenSea and embracing Ethereum’s top-heavy NFT ecosystem.
Magic Eden Jack Lu

Magic Eden’s four co-founders (left to right): CEO Jack Lu, CTO Sidney Zhang, Chief Engineer Zhoujie Zhou and COO Zhuoxin Yin. (Magic Eden)
Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation
The large raise comes during an otherwise downcast crypto climate.
Magic Eden’s four co-founders (left to right): CEO Jack Lu, CTO Sidney Zhang, Chief Engineer Zhoujie Zhou and COO Zhuoxin Yin. (Magic Eden)

Magic Eden's booth at the Solana Hacker House in Miami, April 2022. (Danny Nelson/CoinDesk)
Magic Eden Tops OpenSea in Daily Trading Volume as Solana NFTs Heat Up
The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours.
Magic Eden's booth at the Solana Hacker House in Miami, April 2022. (Danny Nelson/CoinDesk)