The platform said the move was in line with growing market trends, but some are concerned about what it means for the industry. Magic Eden, the largest non-fungible token (NFT) marketplace in the Solana ecosystem, has moved to make paying NFT creator royalty fees optional, following in the footsteps of rival marketplaces which have eaten into its Source by anndylian
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Former head of product at the NFT marketplace OpenSea, Nathaniel Chastain, has been sentenced to three months in jail for insider trading. Chastain was found guilty of buying non-fungible tokens (NFTs) before they were featured on OpenSea’s home page and selling them at higher prices later on. Despite arguing that the NFTs were not securities Source by moonlamboblog
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