Magic Eden announces support for Ethereum NFTs
The firm will also add extensive features that allow users to trade ETH NFT and pay with SOL/ETH or credit cards.
NFT platform Magic Eden is expanding its base and has recently started multi-chain support for the Ethereum blockchain.
According to the press release, Magic Eden will soon integrate Ethereum NFTs into its platform, giving users a chance to reliably discover and trade eligible SOL and ETH NFTs.
Magic Eden Set To Integrate Support For Ethereum NFTs.
Magic Eden is leveling up by adding support for Ethereum NFTs. The firm announced its decision to add Ethereum NFTs to its platform.
Can you? pic.twitter.com/rYU8wvzZJkMagic Eden 🪄 (@MagicEden) August 2, 2022
The statement also cites how the addition of Ethereum NFTs to Magic Eden will help the firm improve and offer an immersive virtual experience to NFT-savvy collectors.
This news accelerates Magic Eden’s efforts to extend its presence across Web3 communities by integrating the two largest blockchains for NFTs and delivering the most feature-rich multi-chain experience for creators and collectors.”
The integration of Ethereum NFTs into Magic Eden is set to help NFT creators seamlessly reach new audiences and encourage them to build NFT-centric communities.
‘’ Magic E. aims to bring these two universes closer on the belief that NFTs’ social, cultural, and connective utilities should be shared across chains. By going multi-chain, Magic Eden will enable NFT creators to launch seamlessly, reach new audiences, and access added liquidity, while collectors will be able to discover new communities and connect across the passionate culture of the emerging space ‘’ the statement later adds.
The press release further revealed the firm’s details regarding NFT elements. Magic Eden’s ETH NFT integration will launch with features that include Magic E. List, a feature described as a “whitelist and audience targeting tool”. The firm will also introduce other premium features such as Magic E. Launchpad and Magic E. Drop Calendar.
In addition, the Solana NFT market is currently running private beta tests to launch a feature called “cross-currency trading”. The feature in question will allow users to browse and purchase various ETH and SOL NFTs listed on the platform.
Magic Eden will also simplify the NFT payment process by enabling users to make purchases via crypto (SOL/ETH).
Would you like the opportunity to be one of the first to see our eth integration?
Want an opportunity to be one of the first to get a sneak peak of our Eth integration? 👀
An opportunity to join our Eth private beta will be posted in our Discord server! Join via the invite below for more details posted in Announcements! 🤝https://t.co/mDfYfN8t0lMagic Eden 🪄 (@MagicEden) August 2, 2022
Additionally, the firm will unveil its cross-chain launchpad alongside EZU, known as “the sister collection of the popular ETH project Psychedelics Anonymous.”
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EZU will be the first ever cross-chain mintable Ethereum NFT collection to launch on @MagicEden’s Launchpad. Available to mint in $ETH or $SOL.ezu (@ezu_xyz) August 2, 2022
Talking about their decision to add support for Ethereum, Zhuoxun Yin, COO and Magic Eden Co-Founder added:
“…Through our cross-chain Launchpad, creators will unlock a new set of audiences 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.”
Established in 2021 as a leading Solana NFT marketplace, Magic Eden serves as a centralized NFT platform for trading and purchasing Solana NFTs.
The platform is working hard to expand its use cases and is exploring multiple partnerships to solidify its base. Recently, the firm announced its entry into Web3 digital gaming by announcing the launch of a gaming-centric venture arm called Magic Ventures.A week ago, the firm had also introduced its first semi-fungible token (SFTs) in association with the move-to-earn NFT game Genopets.