The prominent Solana NFT marketplace, Magic Eden, is now integrating Ethereum into its offerings.

Magic Eden, a leader in the Solana NFT space, recently disclosed that it would start supporting Ethereum-driven NFTs, an exciting announcement made on Tuesday, promising quick integration.

Founded in September 2021 by a team of ex-Google, Coinbase, and Uber talents—Jack Lu, Sidney Zhang, Zhoujie Zhou, and Zhuoxun Yin—Magic Eden has garnered significant traction in the NFT market. raised They successfully raised $130 million in a Series B funding round, spearheaded by Electric Capital and Greenock Partners, reaching a stunning valuation of $1.6 billion, officially marking their unicorn status. Following their second funding round in June, they indicated plans to diversify their blockchain support.

With this new enhancement, users on the platform can mint NFTs using both SOL and ETH via the cross-chain launchpad. The team is also crafting a 'cross-currency trading product' that permits purchases of Solana or Ethereum NFTs using the native currencies of either blockchain or even credit cards. The inaugural Ethereum NFT project is NFT EZU, which is associated with the Psychedelics Anonymous NFT collection.

Magic Eden remains committed to providing Ethereum NFT creators with the same advantages. This includes access to their renowned minting tools and marketing assistance.

"Our aim is to honor creators in this ecosystem by crafting tools that cater to a wide array of needs. That’s why we initiated Magic Eden List as a complimentary resource and developed a whitelabel solution. With our cross-chain Launchpad, creators can tap into a broader audience which allows for project amplification and increased liquidity. Those choosing to launch their creations on Magic Eden won’t have to face the challenging decision of selecting one blockchain over another, which typically limits their audience. We believe Web3 is a domain for collective knowledge sharing and growth,\" shared Zhuoxun Yin, the COO and Co-Founder of Magic Eden. said Post-announcement, Magic Eden recorded an impressive total trading volume of $10.5 million, reflecting a 51% surge.

According to  DappRadar In light of communication efforts with OpenSea and their customer service prowess, many users are actively seeking alternatives to OpenSea. Magic Eden's foray into Ethereum lending it an edge; along with satisfied customers, this could position them as a new frontrunner in the NFT marketplace realm.

NFT collectors have been frustrated Top 5 NFT Marketplaces on Solana — Your Comprehensive Guide for 2022. keeping Magic Eden finalizes a $130 million Series B funding round.

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