Magic Eden Announces Expansion to the Ethereum Blockchain
Magic Eden introduces multi-chain support for Ethereum and Solana to expand access for NFT creators and collectors
SAN FRANCISCO, 2 August 2022 /PRNewswire/ — Magic Eden (the “Company”), the leading community-centric NFT marketplace, today announced that it will add and integrate Ethereum (ETH) NFTs into its platform. Since the launch in September 2021Magic Eden has seen over 90% of secondary trading volume and USD 2 billion USD in total trading volume for transactions on Solana (SOL) NFTs, their first supported blockchain. This news accelerates Magic Eden’s efforts to expand its presence across the Web3 community by integrating the two largest blockchains for NFTs and delivering the most feature-rich multi-chain experience for creators and collectors.
Over the past 18 months, the SOL and ETH NFT markets have witnessed tremendous growth within their respective, quite different, communities. Magic Eden aims to bring these two universes closer in the belief that NFT’s social, cultural and connectivity tools should be shared across chains. By going multi-chain, Magic Eden will enable NFT creators to launch seamlessly, reach new audiences and access additional liquidity, while collectors will be able to discover new communities and connect across passionate cultures in the new space.
As a culture-driven and community-obsessed marketplace, Magic Eden’s ETH Gateway is designed to deliver multi-chain solutions that can serve both NFT creators and collectors with the best experience possible. In total, the features include: Magic Eden’s List (a whitelist and audience targeting tool), Magic Eden Launchpad (now with ETH/SOL compatibility), and Magic Eden Drop Calendar in August. Magic Eden is also running private beta tests to support the launch of a cross-currency trading product where users can browse the most comprehensive selection of SOL and ETH NFTs and make purchases via SOL, ETH or credit card. Magic Eden will also see the rollout of analytics tools across chains over the coming months.
Extending Magic Eden’s relationship with ETH NFT creators, the platform will build on its record of delivering first-class NFT launch support. Magic Eden’s ETH Compatible Launchpad features the same seamless minting setup, white glove marketing support and custom launch builds that have helped bring over 300 NFT projects to market.
In the coming weeks, Magic Eden will debut its Launchpad across chains with EZUa sister collection of the popular ETH project Psychedelics Anonymous, founded by Voltura (Lewis Gale). EZU will be the first native ETH project to launch on Magic Eden with the ability for users to create both ETH and SOL.
Cross-chain creators will also be able to build pre-mint traction and travel into Magic Eden’s extensive community presence via a free whitelist and holder management tool called Magic Eden List. ETH creators interested in launching their own community marketplace will also be able to benefit from Magic Eden’s whitelabel marketplace solution from launch onwards.
Zhuoxun Yin, COO and co-founder of Magic Edencommented, “We want to honor the creators in this space by developing tools that can meet their great needs – which is why we made Magic Eden List available as a free resource and developed a whitelabel marketplace solution. Through our Launchpad across chains, Creators will unlock a new set of audiences through which to amplify and expand 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 develop together.”
Collectors can also look forward to a variety of trading tools that will unlock access to deeper multichain experiences. Starting in August, users will be able to track highly anticipated NFT coins on SOL and ETH through Magic Eden’s Drop Calendar. The Drop Calendar was created to provide the community with a resource that would capture the most holistic view of upcoming mints in the NFT ecosystem. It will also integrate with Magic Eden List, allowing users to sign up for whitelist access for projects using the tool. Magic Eden will also run private beta tests to develop a cross-currency trading product that will allow users to buy SOL and ETH NFTs with SOL, ETH or credit cards. Future releases will also include multi-chain compatible analytics tools to inform collectors’ decisions and NFT trades.
Jack LuCEO and co-founder of Magic Edenadded, “We believe in a collective NFT community that exists across multiple chains. Launching aggregation tools like the Magic Eden Drop Calendar across chains will be the first step towards realizing this vision. The rollout of cross-currency buying support for SOL and ETH NFTs will build on our efforts. The more creators and collectors can reach across chains, the more we can collectively experience powerful cultural moments on the blockchain. We are honored to be the destination that will bring the next wave of users into the Web3 movement.”
About Magic Eden
Magic Eden is the leading community-centric NFT marketplace powering the next billion users of the Web3. Led by former crypto, technology and hospitality leaders, Magic Eden is building a user-friendly platform powered by market-leading coining and trading solutions. Magic Eden brings dynamic cultural moments into the blockchain, empowering users in thousands of digital communities to create, discover and collect unique NFTs. For more information, please visit www.magiceden.io.
About EZU|Psychedelics Anonymous
EZU, the sister project of Psychedelics Anonymous, is built by Voltura (Lewis Gale) and the Voltura Labs team. Psychedelics Anonymous is a popular ETH pool that has traded over 38,000 ETH to date and has gained significant attention for its unique token utility and focus on mental health and community. EZU will be a collection that provides holders with the same mental health resources as Psychedelics Anonymous, but will be expanded to include a new line of products under the EZU brand.
Media contact
Dillon Arace
M Group Strategic Communications (on behalf of Magic Eden)
315-512-6886
[email protected]
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SOURCE Magic Eden
