- Metaplex implicated former Solana Labs employee Jordan Prince as a conspirator.
- The B+J Studios that Prince later founded raised $10 million in September.
The epicenter for the current industry discussion about enforcing NFT creator royalties. As well as lengthy arguments between prominent participants in the area have now burst out into social media. As developers attempt to alter the trajectory of the Solana NFT market.
Creator of the NFT standard for Solana, Metaplex, said in a Twitter thread on Thursday that prominent Solana marketplace Magic Eden was orchestrating a “coordinated pressure campaign” to seize control of the standard.
Clash of the Titans
Tokens, in this instance non-fungible tokens (NFTs) having attributes that make them incompatible with other NFTs, are defined by a standard that specifies their parameters and operation. Metaplex, as the creator of the token standard for NFTs on Solana, has a hand in the creation of every NFT ever created on the network and so has access to the keys.
Today, in a series of tweets, Metaplex implicated former Solana Labs employee Jordan Prince, who worked on the original Metaplex protocol with Magic Eden, as a conspirator. The B+J Studios that Prince later founded raised $10 million in September to build up the NFT infrastructure.
Metaplex, which has been accused of monopolizing the Solana market for NFTs, has announced today that it will publish plans to decentralize control of its standard, saying that it “[agrees] with the root need to decentralize the program.” However, the company stressed that it will not do so “haphazardly to appease a group that is acting in bad faith.”
Next, Magic Eden tweeted back at Metaplex, saying the latter “falsely accused us of trying to take control over the NFT standard on SOL.”
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