Magic Eden is the latest NFT marketplace to move to an optional royalty model as the debate about NFT royalties continues.
NFT buyers on Magic Eden will be able to determine how much they wish to pay as royalties to creators.Magic Eden, the biggest NFT marketplace on Solana,that users will now be able to decide how much they wish to pay as royalties to creators when purchasing items from the website.
According to Magic Eden, buyers will have three ways to set their preferred royalty percentages. They can edit their user profiles to select a royalty percentage payment that will apply to all NFTs on Magic Eden. Alternatively, they can select a royalty percentage for a particular collection or for a single item.
Magic Eden added that it will also waive transaction fees on NFT purchases. The Solana NFT platform had charged 2% on sales.
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