Magic Eden launches wallet with support for Solana, Bitcoin, Ethereum, and Polygon networks
The company also announced an airdrop to attract new users
30.01.2024 - 08:13
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What’s new? NFT marketplace Magic Eden has launched a multi-chain, non-custodial crypto wallet with support for Solana, Bitcoin, Ethereum, and Polygon blockchains. The product, developed in collaboration with the Exodus wallet team, allows for instant cross-chain swaps as well as trading of non-fungible tokens. To attract users, Magic Eden will offer limited-time promotions in February, where tokens from the Claynosaurz, Degenerate Ape Academy, and BoDoggos collections can be issued using the wallet.
What else is known? Since last November, the wallet has been functioning in a beta testing phase for a limited number of users. “As the team made great strides in the NFT & Ordinals space, it became clear there was a missing complementary piece critical to convenience: a singular wallet that allows users to seamlessly manage and collect NFTs across major chains,” the marketplace team writes.
The full launch will also include an airdrop and other promotions to attract users.
Magic Eden initially operated only on the Solana network, but in November 2022, it also added support for Polygon. Last March, the platform also began operating on the Bitcoin and Ethereum networks.
According to DappRadar, Magic Eden is the third-largest marketplace with a daily trading volume of $2,64 million as of January 30. It is also the second-largest bitcoin NFT trading platform, behind only OKX Marketplace.
OpenSea chief says he is ready to consider offers to sell the marketplace
The platform’s monthly trading volume has collapsed by 97% from its early 2022 peak
Earlier, the marketplace of the Coinbase crypto exchange introduced the Instamint feature to create NFTs using artificial intelligence.
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