Magic Ede is a marketplace that allows users to buy, sell, and even launch non-fungible tokens (NFTs). Originally, it operated on the Solana blockchain, but it has since expanded to support Ethereum, Polygon, and Bitcoin. This transition to multiple blockchains simplifies the process for a broader range of creators and collectors, making the platform more accessible and user-friendly.
Offering low fees and high transaction speeds, Magic Eden has gained significant traction in the NFT market, accounting for over 90% of Solana’s NFT trading volume at its peak. Its user-focused features, such as the Launchpad for project creators and the Magic Eden Wallet, aim to make NFT trading accessible to both newcomers and experienced investors.
The Magic Eden Launchpad offers an easy-to-use platform for minting NFTs, helping creators launch their projects. With fewer than 5% of submissions accepted, it maintains high quality standards. The secondary marketplace features valuable tools, popular collections, and an attributes filter, making it a favored choice for traders.
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