NFT marketplace Magic Eden has announced a move to an optional royalty model.
Now, users will now determine their own royalties to the authors of collections when selling NFTs.
Magic Eden has also announced a hackathon to develop alternative tools for monetizing the project with a prize pool of up to $1 million.
According to Delphi Digital, the number of wallets with NFTs has exceeded 6 million. In spite of the current stagnation in the segment, most users made transactions with non-exchangeable tokens for the first time in 2022.