Bored Apes Creator Yuga Labs and Magic Eden Collaborate to Fix NFT Royalties Problem – What’s Going On?

Yuga Labs and Magic Eden are working together to solve one of the issues that arises in the ownership and royalty of Non-Fungible Tokens (NFTs). Yuga Labs is a company specializing in the development of blockchain technology, while Magic Eden is a team working on building an open-source protocol for transaction validation. The team is working on developing a trust-based platform for the royalty and ownership of NFTs. This project aims to make it easier for NFTs owners to receive royalties of their digital assets efficiently and reliably. The platform will also provide protection to creators of NFTs as their ownership of those digital assets can be verifiable and secure. The collaboration between Yuga Labs and Magic Eden has the potential to be a game changer in the world of NFTs, providing an effective way for creators to receive payment and ensuring that their digital assets remain secure.