Magic Eden follows OpenSea with NFT royalty enforcement tool

Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing creators to enforce royalties on their collections. It follows the announcement of a similar tool from rival NFT marketplace OpenSea in early November. According to a Dec. 1 statement, the open-source royalty enforcement tool is built on […]

NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar

October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.” According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, […]

Nifty News: OpenSea dominance fades, Azuki skateboards fetch $2.5M and more

Opensea’s dominance begins to waiver Nonfungible token (NFT) marketplace Opensea has seen its competitors chomping at its ankles this year as they gain market share — turning the market from a “monopoly” into an “oligopoly,” a new report states.  Binance Market Pulse released on Oct. 20 says there has been a slow and steady change […]

Crypto Twitter split as another NFT platform moves to opt-in royalties

Solana-based Magic Eden has become the latest NFT marketplace to shift to an optional royalties model, following in the footsteps of X2Y2 in August, albeit reluctantly.  Under the optional royalties model, buyers are given the power to set the royalties they want to contribute to an NFT project, meaning there is a chance that some […]

‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales

Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases. According to a Friday report from The Information, the smartphone company is now allowing […]