Non-fungible token (NFT) marketplace Magic Eden has previously only been wither based platform Ethereum is moving to a multi-chain system by integrating NFT-based NFTs.
Magic Eden Will Offer Ethereum Support In addition to Solana
Magic Eden said it will offer the same “go to market” benefits for Ethereum NFT creators, such as the popular minting toolkit, whitelisting tools, and marketing support it provides to Solana users.
The company is also preparing a “cross-currency trading product” and its own cross-chain analysis dashboard that will allow users to purchase both Ethereum and Solana NFTs in the local currency of both Blockchains.
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Zhuoxun Yin, co-founder of Magic Eden, said in a statement:
“We don’t think that gaining success in ETH will happen overnight. We humbly enter the market and are willing to develop over a long period of time.
That said, we have strong thoughts for our hypothesis about what NFT creators and collectors want from their marketplace.”
This integration marks another move that the company is aiming for the top spot within the growing NFT industry. According to data from DappRadar, Magic Eden is the current king of Solana digital collections and is home to more than 90% of transactions in the ecosystem.
OpenSea, the Ethereum equivalent of Magic Eden, has a similar dominance in its ecosystem. While OpenSea is best known for trading ETH, its platform SOL, Tezos and polygon It also supports their blockchain.
*Not investment advice.