Magic Eden The popular NFT market is on its way to multi-chain after announcing its expansion to the Ethereum network, previously only supported on Solana.
Magic Eden said it would offer a strategy to market (Go-to-Market) with Ethereum NFT creators as well as Solana users, including the popular Minting toolkit, whitelisting tools, and marketing support.
The company is also preparing a “cross-currency trading product” that will allow users to purchase both Ethereum and Solana NFTs in blockchain native currencies. along with its own cross-chain analytics dashboard.
“We don’t think winning ETH will happen overnight. We are entering the market and are ready to build a long time ago,” said Zhuoxun Yin, co-founder of Magic Eden. their market.”
Magic Eden hopes to rise to the top of the NFT exchange market after becoming a key market for digital collectibles on Solana, occupying more than 90% of the ecosystem’s trading share.informationfrom DappRadar
OpenSea is a competitor to Magic Eden, with similarities in related ecosystems. Although OpenSea is most known for trading ETH, the market also supports Solana, Tezos, and Polygon blockchains.
Magic Eden raised $130 million in Series A funding in late June. This brings the company’s value to $1.6 billion. Although the funding period isn’t the same as OpenSea, Magic Eden sometimes does.Overtake OpenSea in terms of total transaction and sales volume
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