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<ul><li>The Magic Eden NFT marketplace goes live with a new stance that Yuga commits to sunset the support to marketplaces not supporting royalties.</li><li>The policy will protect newer and other collections within Yuga&#39;s portfolio, focusing on a creator-centric ecosystem.</li><li>The acquisition of Proof and integration with the Otherside metaverse project aims to consolidate Yuga Labs&#39; market position and support the creator community.</li></ul>Yuga Labs, known for its Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections, has taken a decisive step to partner only with NFT marketplaces that honor creator royalties. This <a href="https://x.com/yugalabs/status/1762178404030218655?s&#61;20" rel="noopener noreferrer nofollow">move</a> is seen as a response to the growing concerns over artists&#39; rights amid the NFT market&#39;s expansion. Yuga Labs emphasized the importance of ensuring creators receive payment for their work whenever it is sold, aiming to provide a sustainable income flow for artists.The company&#39;s stance comes at a critical time when some platforms have <a href="https://x.com/the_x2y2/status/1563021437811638274?s&#61;20" rel="noopener noreferrer nofollow">begun allowing</a> the optional payment of royalties, thereby threatening creators&#39; earnings from their works. Yuga Labs asserts it will <a href="https://cryptotale.org/https-cryptotale-org-yugalabs-blacklists-blur-sudoswap-looksrare-and-nftx/" rel="noopener noreferrer nofollow">withdraw support</a> from any marketplace that fails to uphold the royalty structure for creators.This policy, however, will not affect its main <a href="https://cryptotale.org/yuga-labs-prepares-to-release-twelvefold-nft-collection-to-auction-winners/" rel="noopener noreferrer nofollow">collections</a>, the Bored Ape Yacht Club and Mutant Ape Yacht Club, which represent a significant portion of Yuga Labs&#39; royalty income and trading volumes. The focus will instead be on safeguarding newer and other collections within Yuga&#39;s portfolio to promote a creator-centric ecosystem.<a href="https://cryptotale.org/yuga-labs-sets-new-standard-for-nft-marketplaces-mandating-creator-royalties/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Yuga Labs Sets New Standard for NFT Marketplaces Mandating Creator Royalties

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