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Magic Eden Has New Integration of Ethereum-Based NFTs

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Magic Eden is a community-focused marketplace for NFTs that recently announced it would fund its own games through an internal gaming division called Eden Games. Magic Eden apparently accounts for 90% of NFTs sold on Solana. Moreover, Magic Eden recently raised $130 million in a funding round that valued Magic Eden at $1.6 billion. This was covered previously in a news report by RE3W and GFPs. 

Now Magic Eden is going multi-chain, with its newest integration of Ethereum-based NFTs into its previously Solana-only platform. The marketplace stated in a press release that it will offer the same “go-to-market” benefits for Ethereum NFT creators as it does for its Solana users, including its popular minting toolkit, whitelisting tools, and marketing support.

The company is also apparently developing a “cross-currency trading product” that will allow users to purchase both Ethereum and Solana NFTs in either blockchain’s native currency, along with its own cross-chain analytics dashboard.

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