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<ul>
 <li><strong>Yuga Labs partners exclusively with royalty-respecting NFT platforms.</strong></li>
 <li><strong>Magic Eden launches Ethereum marketplace prioritizing creator royalties.</strong></li>
</ul>
<p>Yuga Labs, a leading NFT studio renowned for its iconic Bored Ape Yacht Club and Mutant Ape Yacht Club collections, has made a groundbreaking decision. The company announced it will stop working with NFT marketplaces that “don’t support royalties for all creators.” This move signifies a pivotal moment in the ongoing debate surrounding artist rights in the burgeoning NFT sector.</p>
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  <p lang="zxx" dir="ltr"><a href="https://t.co/Anszbskalb" rel="noopener noreferrer nofollow">pic.twitter.com/Anszbskalb</a></p>— Yuga Labs (@yugalabs) <a href="https://twitter.com/yugalabs/status/1762178404030218655?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a>
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<p>The decision comes ahead of the launch of Magic Eden’s <a href="https://thenewscrypto.com/ethereum-eth-sets-eyes-on-3500-amid-continued-surge/" rel="noopener noreferrer nofollow">Ethereum</a> marketplace, scheduled for Tuesday. Magic Eden, is known for its dominance in the Solana NFT marketplace. It aims to extend its reach by introducing a new marketplace for Ethereum NFTs in collaboration with Yuga Labs. Notably, the platform commits to upholding creator royalties, marking a significant milestone in the protection of artists’ rights.</p>
<p>Moreover, in a recent interview, Yuga Labs’ Product Manager, PPMAN, the company emphasized the importance of ensuring creators receive fair compensation for their work. “Being able to come back to a space where royalties are enforced and creators can build without having to worry about that monetization aspect brings back fun again,” PPMAN stated.</p>
<h3 class="wp-block-heading" id="h-closer-look-nbsp">Closer Look&nbsp;</h3>
<p>Greg Solano Former CEO and Co-founder of Yuga Labs tweeted, “To celebrate the launch of Magic Eden’s Ethereum marketplace, we’re lowering royalties for 69 days: 2.5% for all our royalty-enforced collections, and 1% for legacy collections.”</p>
<p>Furtnermore, While the company’s <a href="https://x.com/yugalabs/status/1762178407494750701?s=20" rel="noopener noreferrer nofollow">decision</a> may not immediately impact its flagship collections, Bored Ape Yacht Club and Mutant Ape Yacht Club. It underscores its commitment to supporting newer collections within its portfolio.&nbsp;</p>
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  <p lang="en" dir="ltr">The list of Yuga collections which will be blocked on Blur and OpenSea and more non-royalty-enforcing exchanges.<br><br>Otherside Expanded<br>Vessels<br>Maras<br>Koda<br>10 KTF G Tags<br>10 KTF Gucci Grail<br>10KTF Stockroom<br>HV-MTL<br>Otherside: Catalyst<br>Otherside: Loot<br>Otherside: Ship Parts<br>Otherside:…</p>— NFTstats.eth (@punk9059) <a href="https://twitter.com/punk9059/status/1762187031629697454?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a>
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<p>Yuga Labs, after acquiring Moonbirds, will protect notable collections like Vessels, Maras, and Koda. Also, Otherside: Catalyst, tied to its metaverse project. It is under the new partnership guidelines.</p>
<p>Overall, Yuga Labs’ decision to prioritize creator royalties sets a precedent for the broader NFT market. It advocates for fair compensation and supporting platforms that uphold creators’ rights. The company aims to foster a more equitable and supportive environment for artists in the digital art space.</p>

Is Yuga Labs’ Stand Against Non-Royalty NFT Platforms a Game-Changer?

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