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Magic Eden

Magic Eden is a cross-chain NFT Marketplace, building a user-friendly platform powered by market-leading minting and trading solutions. It brings dynamic cultural moments onto the blockchain, empowering users to create, discover, and collect unique NFTs.
What is Magic Eden?
Magic Eden is a decentralized NFT marketplace that allows users to buy, create, sell, and trade NFTs primarily on the Solana blockchain. It showcases a wide range of NFT collections, including digital collectibles, art, and gaming assets. Since its launch in September 2021, Magic Eden has become the leading NFT marketplace on Solana, capturing over 90% of the market share for secondary Solana NFT sales.
How Does Magic Eden Work?
Magic Eden operates by connecting users with a Solana-compatible wallet, such as Exodus or SolFlare. Users can fund their wallets with SOL tokens to cover the price of NFTs and transaction fees. Once connected, users can browse various NFT collections, place bids, or make instant purchases. The platform also offers features like the Launchpad, which assists creators in minting and promoting their NFT projects.
What Makes Magic Eden Unique?
Magic Eden stands out due to its low transaction fees, user-friendly design, and a wide selection of NFT collections. The platform charges a 2% transaction fee, lower than many competitors. Its Launchpad feature simplifies the minting process for creators, and the Popular Collections section highlights trending NFTs. Additionally, Magic Eden's focus on community engagement through initiatives like MagicDAO fosters a collaborative environment.
Who Are the Founders of Magic Eden?
Magic Eden was founded by four friends with backgrounds in crypto, DeFi, consumer internet companies, and management consulting. The co-founders are CEO Jack Lu, CTO Sidney Zhang, COO Zhuoxun Yin, and Chief Engineer Zhuojie Zhou. Their combined experience from companies like Google, Uber, Facebook, and Coinbase has been instrumental in the platform's rapid growth and success.

Latest News

What Key Events Have There Been for Magic Eden?
In July 2022, Magic Eden raised $130 million in a Series B funding round led by Electric Capital and Greylock, bringing its valuation to $1.6 billion. In August 2022, the platform expanded to support Ethereum NFTs, broadening its user base and offerings. Additionally, Magic Eden has formed strategic partnerships, such as collaborating with Yuga Labs to create a new Ethereum NFT marketplace focused on enforcing creator royalties.
Project Announcements
Magic Eden has been actively enhancing its platform by introducing features like the Magic Eden Rewards loyalty program, which offers users rewards and fee discounts based on their activity. The platform also continues to expand its gaming ecosystem through Eden Games, hosting over 35 blockchain games and accounting for more than 90% of in-game secondary trading volume on Solana.

Upcoming Events

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Projects Announcements

Where to Buy Magic Eden?
As of now, Magic Eden does not have its own crypto token associated with its platform. Users can participate in the MagicDAO by purchasing Magic Ticket NFTs from the official collection, granting them access to the DAO and its decision-making processes.
Magic Eden Price
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Magic Eden Price Prediction
Currently, there are no available forecasts from reliable experts or publications regarding the price of a Magic Eden token, as the platform does not have its own native cryptocurrency.

FAQ

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.

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