BAYC NFT Team To Unveil Royalty-focused NFT Marketplace in 8 Weeks

• Yuga Labs partners with Magic Eden for an Ethereum marketplace focused on creator royalties.
• This marketplace will be the first central Ethereum marketplace legally obligated to uphold creator royalties.
• Yuga Labs vows to collaborate exclusively with principled marketplaces for new collections.

Yuga Labs, the project team behind the preeminent Bored Ape Yacht Club (BAYC) NFT collection, has entered a strategic alliance with Magic Eden, a leading cross-chain NFT platform. 

Yuga Labs proclaimed this development in a recent press statement and its official handle on the X platform (formerly Twitter). “Planting something new for all creators,” Yuga Labs remarked in the tweet.

Planting something new for all creators.

We’re partnering with Magic Eden to launch the new Magic Eden ETH marketplace – the first major ETH marketplace contractually obligated to honor creator royalties.

The marketplace will launch end of 2023, more details soon. pic.twitter.com/iDrBM46nHk

— Yuga Labs (@yugalabs) November 4, 2023

According to the statement, Yuga Labs and Magic Eden will jointly introduce an Ethereum marketplace within the next eight weeks. The platform’s focus is…

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