The Magic Eden NFT platform from Solana broadens its horizons by incorporating Ethereum NFTs into its collection.
As the top NFT marketplace on Solana, Magic Eden has taken a significant step by adding support for Ethereum NFTs, making it possible for users to buy NFTs using $SOL, $ETH, or even fiat currencies.
Currently, Magic Eden is featuring ten Ethereum-based NFT collections in its beta stage: Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club, Ezu, the golden egg club by Jeremy Fall, Sappy Seals, Pudgy Penguins, Psychedelics Anonymous, 50 Years Atari, and Probably Nothing Genesis. Expect to see more collections rolling out by the end of this week.
The CEO of Magic Eden, Jack Lu, told Decrypt The platform had long envisioned expanding into Ethereum, acknowledging its status as the most significant NFT ecosystem holding the most desirable collections. An insider remarked, \"There’s a notable overlap in user bases between both ecosystems.\"
Business2Community yesterday wrote Magic Eden reported a remarkable 36% surge in sales volume, reaching an impressive $4.6 million, demonstrating the platform’s resilience and growth in NFT sales even amid the downturn in cryptocurrency markets. Ethereum Merge , OpenSea’s adoption of the Arbitrum One This year has marked considerable achievements for Solana. Between April and June, it reached around 40 million daily transactions, significantly outpacing Ethereum, which recorded roughly 1 million daily transactions.
Magic Eden also shared It seems like everyone is excited about the new Ethereum features 👀.
The platform already During a Series B funding round, the marketplace previously indicated its ambitions to branch out by incorporating Ethereum NFTs into its services. in August. In June, Magic Eden raised $130 million This development suggests that the upcoming wave of crypto developers will concentrate heavily on creating cross-chain infrastructure.
Magic Eden has put forth a proposition to ApeCoinDAO for establishing a dedicated marketplace for NFTs.
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