Magic Eden is the most popular NFT marketplace on Solana, and recently announced plans to go multi-chain and add Ethereum NFTs to its platform. Rob_Stevens_ takes you through what you need to know about Magic Eden:
– enough to pay for your NFT, plus the transaction fee on the Solana blockchain. Hit “connect wallet” on the top right of the site – no need to create an account – then click on a collection and bid on a project. It’s really an interface for Solana NFTs, so any Solana NFT project is hosted on the platform.
The largest NFT collection by trading volume and floor price, as of this writing, is Okay Bears, a profile-picture collection of bears. Like market leader, Magic Eden lets you sort through collections by attributes – in this case, the hats, fur and eyewear of the bears. In the world of NFTs, rarer attributes, or at least those with community cachet, often sell for more SOL than those with more common attributes..
There are plans for the marketplace to add support for ETH, the native coin of Ethereum, the blockchain that supports most NFT trading activity. Magic Eden’s, an NFT project that can be minted in either ETH or SOL. Magic Eden also sells Magic Tickets, which provide access to a decentralized autonomous organization . In practice, that’s a Discord chat that lets users vote on how the marketplace operates.on Magic Eden. The benefit for projects is that they are featured on Magic Eden’s site – kind of like an artist selling off works at a major auction house, like Christie’s. Magic Eden claims that just 3% of projects that apply to the launchpad make it through the application process.
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