This is, of course, the primary function of an NFT marketplace. Yes, similar to other NFT marketplaces, NFTs can be bought and sold on Magic Eden. “The role that we would like to play in this space is being able to champion moments and communities and culture on Magic Eden.” “We really believe that NFTs are going to be the onramp onto the blockchain and how culture will be created digitally,” Huang said in an interview with nft now. Credit: Magic EdenĪs Magic Eden’s Head of Marketing Tiffany Huang puts it: Magic Eden is best defined as a destination for people to discover NFTs and to share their own self-expression. Within the Magic Eden marketplace, users are not only able to engage with a wide variety of NFTs in the art, collectibles, and gaming sectors, but also with an array of digital blockchain experiences.Ī screenshot of the Magic Eden website landing page. Magic Eden is widely heralded for three things: its focus on community, its simplistic tools for creators and collectors, and the diversity of tokens that can be created and collected on the platform. Launched on September 17, 2021, the platform was created by members of the NFT community as a marketplace competitor that could also act as a home base for the best NFT collections on SOL. Put simply, Magic Eden is the most popular NFT marketplace on the Solana blockchain. How and why did this Solana NFT platform achieve so much so quickly? Let’s unpack all there is to know. One year into operation, Magic Eden has become one of the strongest competitors in the NFT marketplace race. Complete with a down-to-Earth brand voice and a leadership team fully invested in Web3 tech, this new platform immediately caught the attention of the greater NFT community.
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Yet, these platforms aren’t all created equal, and at times, it’s significantly apparent which entities in the NFT space are running a sprint, and which are running a marathon.Įnter Magic Eden: A shiny new marketplace that does far more than facilitate transactions. Now, NFTs are on nearly every major chain, with new marketplaces cropping up almost quarterly. From landmark sales to the literal empires that sprung up on ETH, it once seemed Vitalik Buterin’s brainchild would always be the one-stop-shop for nonfungible tokens.īut times have changed since the 2021 token craze, and the NFT ecosystem has expanded far beyond the reaches of a single blockchain. Without the Ethereum blockchain, NFTs might never have gained notoriety.