The new Ethereum NFT marketplace that Magic Eden is launching with Yuga Labs will be contractually obligated to pay royalties to creators on all sales. This means that when a trader buys or sells an NFT on this marketplace, a percentage of the sale price will automatically be paid to the creator of the NFT.

This is a significant development for the NFT ecosystem, as it will help to ensure that creators are compensated fairly for their work. It will also help to create a more sustainable ecosystem for NFTs, as it will give creators a financial incentive to continue creating new and innovative NFTs.

For traders, this means that they will need to be aware of the royalty fees that are associated with each NFT before they buy it. They should also factor in the royalty fees when they are deciding how much to sell an NFT for.

Here are some specific impacts of Magic Eden's new Ethereum NFT marketplace on traders:

Traders will need to pay royalties to creators on all sales. The royalty fee will be typically 5-10% of the sale price, but it can vary depending on the creator and the collection.

Traders should factor in the royalty fees when they are deciding how much to buy or sell an NFT for.

Traders may be able to find better deals on NFTs on other marketplaces that do not enforce royalties. However, these marketplaces may not be as reliable or trustworthy as Magic Eden.

Traders should carefully research any NFT marketplace before they buy or sell an NFT.

Overall, Magic Eden's new Ethereum NFT marketplace is a positive development for the NFT ecosystem. It will help to ensure that creators are compensated fairly for their work and help to create a more sustainable ecosystem for NFTs. However, traders need to be aware of the royalty fees that are associated with each NFT before they buy it. #NFTMarketTrends #NFTComeback