All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
The community-centric NFT marketplace Magic Eden has just announced it will be integrating Ethereum (ETH) NFTs. This move is very important, given that Ethereum is the most popular blockchain for NFTs. This move also accelerates the platform’s efforts to expand its presence across all web3 communities.
Since its launch in September 2021, Magic Eden has managed to generate $2 billion in total trade volume for Solana (SOL) NFTs. By going multi-chain, the platform is set to increase its total traded volume for the coming year. It also allows NFT creators to seamlessly launch across multiple chains and benefit from added liquidity and new audiences.
The new Magic Eden – Ethereum Blockchain features include: Magic Eden List (a whitelist and audience targeting tool), Launchpad (now with ETH / SOL compatibility) and Drop Calendar. The platform is also conducting private beta tests to support the launch of a cross-currency trading product. With this new product, users would be able to browse a wide range of SOL and ETH NFTs and make purchases in SOL, ETH or credit card.
In addition to all of this, the platform will provide top-notch launch support. Magic Eden’s ETH-compatible Launchpad features a seamless minting setup, marketing support and bespoke launch build-outs.
Zhuoxun Yin, the platform’s COO and Co-Founder, commented: “We want to honour the creators in this space by developing tools that would address their vast needs – which is why we made Magic Eden List available as a free resource and developed a white label marketplace solution.”
“Through our cross-chain Launchpad, creators will unlock a new set of audience through which they can amplify and grow their projects, as well as tap into additional sources of liquidity. Creators launching with Magic Eden will no longer have to face the difficult decision of choosing one chain over another at the cost of limiting their potential audience reach. Web3 is a place for us to share knowledge and evolve together.”
Creators across chains can build pre-mint traction and journey by using Magic Eden List, its whitelist and holder management tool. Moreover, creators interested in launching their own communities can use the platform’s white label marketplace solution to do so
Jack Lu, its CEO and Co-Founder, sums up the platform’s community-centric vision perfectly: “We believe in a collective NFT community that exists across multiple chains. Launching collector tools like the cross-chain Magic Eden Drop Calendar will be the first step toward realizing that vision. The more creators and collectors can reach across chains, the more we can collectively experience powerful cultural moments on the blockchain.”