#Yugalabs and #MagicEden are collaborating to launch an Ethereum NFT #Marketplace to ensure creators receive their rightful royalties. The partnership aims to support creators and prioritize their rights in #NFT sales. Magic Eden will share a portion of secondary market sales proceeds with Yuga Labs. Yuga Labs has reduced its support for #opensea due to OpenSea discontinuing its Operator Filter tool, which filtered platforms for royalty adherence.

Despite challenges in the NFT market in August, the floor price of Bored Ape Yacht Club (BAYC) NFTs increased on October 30. Magic Eden is also expanding support for Solana-powered compressed NFTs, which can make it easier for creators to mint NFTs on the Solana network.