Magic Eden Confirms Expansion To The Ethereum Blockchain

Magic Eden, the community-centric NFT marketplace, has just confirmed that it will be integrating Ethereum (ETH) nonfungible tokens (NFTs). This move is highly important since Ethereum is the most popular blockchain for NFTs. The move also accelerates the platform’s efforts to grow its presence across all the Web3 communities.

In that context, the Ethereum NFTs are now supported on Magic Eden.

The Magic Eden And Ethereum Blockchain Integration

Since it launched in September 2021, Magic Eden has managed to generate $2 billion in cumulative trade volume for Solana (SOL) NFTs. By moving multi-chain, the platform is expected to increase its total traded volume for the coming 12 months. It also enables NFT creators to smoothly launch across many chains and benefit from added liquidity and new audiences.

Interestingly, the new Magic Eden – Ethereum Blockchain features include: Launchpad (now coming with ETH / SOL compatibility), Magic Eden List (a whitelist and audience-targeting tool), and Drop Calendar.

This platform is also conducting private beta tests to support the unveiling of a cross-currency trading product. With the new product, users can browse a wide range of SOL and ETH NFTs and make their purchases on ETH, SOL, or credit card.

In addition to all that, the platform will offer high-quality launch support. Magic Eden’s ETH-compatible Launchpad features a smooth minting setup, marketing support, and bespoke launch build-outs. It is said to be a leading, community-centric NFT marketplace striving to drive the next billion users to Web3.

How The Platform’s New Features Will Benefit Creators

The platform’s COO and Co-Founder, Zhuoxun Yin, stated:

“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.”

Developers across chains can create pre-mint traction and journey by using Magic Eden List, its whitelist and holders management tool. Furthermore, all developers interested in launching their communities can utilize the platform’s white label marketplace solution to do that.

The CEO and Co-Founder, Jack Lu, sums up the platform’s community-centric vision ideally:

“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.”