NFT marketplace Magic Eden and Yuga Labs plan to launch an Ethereum platform, which will be "contractually obligated" to pay royalties on NFT sales (Andrew Hayward/Decrypt)

Andrew Hayward / Decrypt:

NFT marketplace Magic Eden and Yuga Labs plan to launch an Ethereum platform, which will be “contractually obligated” to pay royalties on NFT sales  —  Magic Eden’s new Ethereum NFT marketplace will be “contractually obligated” to pay royalties.  What does that mean for traders?