Published on February 26, 2024 19:45 GMT+00:00edited on February 26, 2024 19:49 GMT+00:00

In a move that may be more symbolic than consequential for now, top NFT studio Yuga Labs announced it will no longer support marketplaces that don't honor creators' royalties.

The decision comes on the eve of Magic Eden launching its Ethereum marketplace on Tuesday.

"Yuga and Magic Eden are taking a big step forward to bring us back to a creator led web3. In sync with the marketplace launch, tomorrow we will be sunsetting our support for marketplaces that don't support royalties for all creators," the company posted to X on Monday. "This means that our collections with a royalty filter will only be traded on marketplaces that respect creator royalties."

The move comes more than a year after Blur managed to capture the majority of NFT trading volume. This success was largely predicated …