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OpenSea’s Competitive NFT Marketplace Magic Eden Announces Support for Ethereum NFTs

  • Leading Solana NFT Marketplace Magic Eden Announces Support for Ethereum NFTs
  • The company will also add integrated features that will allow users to trade ETH NFTs and make payments in SOL/ETH or via credit cards.

Magic Eden, the Solana-centric NFT platform is expanding its base and recently announced multi-chain support for the Ethereum blockchain.

According to the official press releaseMagic Eden will soon integrate Ethereum NFTs into its platform, giving users the opportunity to explore and trade suitable SOL and ETH NFTs with reliable ease.

Magic Eden set to integrate support for Ethereum NFT.

Solana-based Magic Eden takes it up a notch by adding support for Ethereum NFTs. In the recently published press statement, the company announced its decision to add Ethereum NFTs to its platform.

The statement further mentions how the addition of Ethereum NFT to Magic Eden will help the company solidify its stance and provide a complete virtual experience to many NFT enthusiasts and collectors.

This news accelerates Magic Eden’s efforts to expand its presence in Web3 communities by integrating the two largest blockchains for NFTs and providing the most feature-rich multi-chain experience for creators and collectors.

Additionally, the integration of Ethereum NFTs into Magic Eden is going to help NFT creators seamlessly reach new audiences and encourage them to build NFT-centric communities.

“Magic Eden aims to bring these two universes closer together with the belief that the social, cultural and connective aids of NFTs should be shared across chains. By leveraging multiple chains, Magic Eden will enable NFT creators to seamlessly launch, reach new audiences and gain access to additional liquidity, while collectors can discover new communities and connect with the passionate culture of the emerging space.” . The statement adds later.

The press release revealed further details about leading NFT assets that the company will be launching soon. Magic Eden’s ETH NFT integration will launch with full features that will include the Magic Eden List, a feature described as a “whitelist and audience targeting tool.” The company will also introduce other premium features such as Magic Eden Launchpad and Magic Eden Drop Calendar.

In addition, the Solana NFT market is currently in the process of running private beta tests to launch a feature called “cross-currency trading”. Said feature will allow users to browse and purchase a variety of ETH and SOL NFTs listed on the platform.

Magic Eden will also simplify the NFT payment process by allowing users to make purchases via crypto (SOL/ETH) or via their credit cards.

In addition, the company will also present the cross-chain launchpad in collaboration with EZU, which is described as “a sister collection of the popular ETH Psychedelics Anonymous project.”

Speaking about their decision to add support for Ethereum, Zhuoxun Yin, COO and co-founder of Magic Eden added:

“…Through our Launchpad cross-chain, creators will unlock a new set of audiences through which they can amplify and grow their projects, as well as leverage additional sources of liquidity. Creators starting 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 to share knowledge and grow together.”

Founded in 2021 as a leading Solana NFT market, Magic Eden operates as a central NFT platform for trading and buying Solana NFTs.

The platform is aggressively working to expand its use cases and is exploring multiple partnerships to solidify its base. Recently, the company was announced its foray into digital gaming Web3 by announcing the launch of a gaming-focused business arm called Magic Ventures.

A week ago, the company also had was introduced its first semi-tradable token (SFT) combined with the popular NFT game to win Genopets.

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