NFT Marketplace Magic Eden Seeks New Standard to Enforce Royalties

(Source: Magic Eden)

Jack Lu, co-founder and CEO of Solana’s leading NFT marketplace Magic Eden, has advocated for a new NFT standard that would enforce royalties at a hard, technological level, Decrypt reported on October 8.

Magic Eden has spoken to dozens of creators in many industries to gauge their opinions. But Lu warned that a new standard for NFTs …