Following OpenSea, Magic Eden introduces the NFT Royalty Enforcement Tool.

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The nonfungible token (NFT) marketplace Magic Eden, with a Solana headquarters in California, is the most recent platform to make a mechanism accessible that allows creators to enforce royalties on their collections.

This is in response to a similar feature announcement made by competitor NFT marketplace OpenSea at the beginning of November.

The open-source technology for collecting royalties, which is based on Solana’s SPL token standard, is known as the Open Creator Protocol.

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