Yuga Labs and Magic Eden Collaborate to Launch New Ethereum Marketplace

November 4, 2023 - Around 3 mins mins to read

Key Points:

Yuga Labs and Magic Eden Collaborate to Launch New Ethereum Marketplace with Creator Royalties
Yuga Labs and Magic Eden collaborate to envision a fair and rewarding web3 for content creators.
This collaboration is a positive development for the web3 ecosystem, and Yuga Labs and Magic Eden invite like-minded individuals to join them in supporting creators and building a fairer and more rewarding web3 for all.

Yuga Labs, a well-known player in the web3 industry and the home of Bored Ape Yacht Club (BAYC), Otherside, CryptoPunks, Meebits, Twelvefold, and 10KTF, has announced a strategic partnership with Magic Eden, a leading cross-chain NFT platform.

Yuga Labs and Magic Eden Collaborate to Launch New Ethereum Marketplace

Yuga Labs and Magic Eden Collaborate to Create a Fairer Web3 for Creators

Yuga Labs and Magic Eden collaborate to launch the new Magic Eden Ethereum marketplace by the end of the year, which will give priority to ensuring that creators receive their rightful royalties, a significant achievement in the NFT space.

Yuga Labs and Magic Eden collaborate to envision a fair and rewarding Web3 for content creators. By leveraging the Ethereum blockchain, they emphasize the importance of ownership and ensuring that creators are fairly compensated for their original works. Both Yuga Labs and Magic Eden are committed to upholding creator royalties, which sets them apart from marketplaces that overlook the interests of creative entrepreneurs. Yuga Labs will exclusively partner with marketplaces that adhere to these principles for new collections, ensuring that creators are treated fairly.

Yuga Labs and Magic Eden CEOs Pledge Support for Creators in New Ethereum Marketplace

Daniel Alegre, the CEO of Yuga Labs, sees the partnership with Magic Eden as a positive development for the ecosystem and invites like-minded individuals to join them. Magic Eden demonstrates its dedication to supporting creators, who are the foundation of the web3 industry. This announcement aligns with Yuga Labs’ mission of addressing the challenges faced by creators and builders while cultivating a blockchain-based culture. On the Magic Eden marketplace, all creators will have the opportunity to showcase their collections, fostering a more equal ecosystem.

Jack Lu, the CEO and co-founder of Magic Eden, highlights their commitment to the web3 creator ecosystem and advocating for creators. Their main priority is providing creatives with the support they deserve through creator royalty programs. In collaboration with Yuga Labs, they aim to develop an Ethereum marketplace that revolutionizes the distribution of royalties and resonates throughout the ecosystem.

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