BORED APE CREATOR YUGA LABS AND MAGIC EDEN LAUNCHING ETHEREUM NFT MARKETPLACE THAT ENFORCES ROYALTIES

Summary from the TLDR Crypto newsletter

Magic Eden announced plans to launch a new Ethereum-based marketplace with Yuga Labs by the end of the year. The platform will use smart contracts to ensure creator royalties are honored during secondary market sales. This development comes in response to some platforms failing to honor creator fees as NFT sales took a major hit over the past year. With this move, Magic Eden reaffirmed its commitment to supporting creators and addressing potential loopholes in their new solution.