Magic Eden has introduced a new optional royalties feature for its Ethereum Virtual Machine (EVM) chains, giving NFT creators the choice to enforce royalties on their collections.

This update comes after receiving feedback from the community, with some creators opting not to use royalty enforcement to better serve their audiences.

Whilst Magic Eden continues to support royalty enforcement through established protocols like ERC721C, the platform now allows creators to decide the best approach for their work.

What does this change mean?

With the introduction of optional royalties, buyers on Magic Eden can now choose whether to pay royalties on secondary sales of NFTs.

This change contrasts with the traditional mandatory royalties system, where a percentage of each resale is automatically allocated to the creator.

Whilst the optional model provides more flexibility for buyers, it raises questions about how it might impact the ongoing income of creators who rely on royalties alone for revenue.

How can creators enforce royalties?

For creators who want to ensure royalties are enforced, Magic Eden features ERC2981 setup and PaymentProcessorV2 (PPv2). These allow creators to block platforms that do not respect creator royalty and ensure that transactions are handled according to the contract terms.

The platform has provided a guide for creators on how to implement these settings, ensuring those who wish to maintain traditional royalty structures can do so effectively.

Magic Eden has not yet indicated if this feature will be expanded to other blockchain networks. However, the platform remains committed to refining its approach to royalties and providing support for creators navigating these changes.