Magic Eden, the NFT marketplace, has embraced Polygon, advancing its role in blockchain gaming development.
In Brief
Following its support for Ethereum, Magic Eden is now expanding to include NFTs from the Polygon network.
The leading marketplace on Solana is diving deeper into the blockchain gaming space. blockchain gaming and cross-chained NFT ecosystem.
Magic Eden has evolved beyond its initial Solana-centric approach: just last month, the platform announced its move towards supporting Ethereum. announced support for Ethereum , and today, it has begun selling Polygon NFTs .
Polygon is recognized as a network that offers low fees and rapid transaction speeds, closely aligned with the Ethereum Virtual Machine. This synergy enhances the trading of NFTs and the creation of games. With its support for Polygon, Magic Eden is aligning with premier gaming brands such as Animoca Brands, Atari, Decentraland, Somnium Space, The Sandbox, and Ubisoft, who have all been diligently building in this space.
Among the first NFT projects on Polygon to be featured on Magic Eden are Bora Ecosystem, backed by Kakao Games, Intella X, nWayPlay, Shatter Point from Get Block Games and Estoty Games, along with BoomLand, Planet Mojo, and Taunt Battleworld.
Following this latest announcement, Magic Eden is dedicated to bringing in more brands and new users to the NFT space, promoting gaming within Web3, and striving to establish itself as the premier marketplace across various blockchains.
With the expanded support for Polygon, Magic Eden is now focusing on gaming, proclaiming itself as the leading NFT platform geared towards games. The marketplace intends to empower game developers by assisting Web3 games in reaching relevant audiences, investing in promising early-stage games through Magic Eden Ventures, enabling the sale of NFTs in a vibrant game-centric marketplace, and providing robust infrastructure. Already, Magic Eden has launched over 100 projects related to gaming and the metaverse.
Zhuoxun Yin, co-founder and COO of Magic Eden, stated, 'Polygon’s appeal among game developers, due to its low-cost and EVM-compatible infrastructure, positions Magic Eden as the premier platform for Web3 gaming. Developers on Magic Eden will now enjoy unparalleled flexibility—ranging from investment opportunities to launching collections and driving user engagement on Polygon.'
He further mentioned that this integration will accelerate the evolution of innovative blockchain-based games and see more global brands embracing Web3.
Polygon wrote One of the speculated reasons for Magic Eden's transition toward a multi-chain approach could be attributed to the downturn in Solana’s performance. Long before the controversial FTX collapse, Solana was already struggling, with prices hovering around $30. Recently, SOL has not been able to climb past $18 and is currently valued at just $11.85.
There are indications that more significant announcements are on the horizon this week, with some users speculating that Polygon might be forming a partnership with YouTube.
Yesterday Magic Eden said Some NFT creators have expressed their dissatisfaction with Magic Eden's recent strategic decisions.
Magic Eden is proposing that ApeCoinDAO develop a specialized NFT marketplace. optional creator royalties uk
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