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.
Magic Eden has now just announced the introduction of its “semi-fungible token” (SFT) marketplace in partnership with the blockchain game Genopets. The Genopets community can now trade in-game SFTs through Magic Eden’s marketplace.
Genopets is a “move-to-earn” digital pets game. SFTs are digital assets that can be minted in quantities greater than one. The marketplace is also supported by Serum’s asset agnostic orderbook, which allows protocols to use Serum as their backend matching engine for any type of financial product.
Members of the Genopets community can mint and trade in-game SFTs vital to their crafting economy, like Crystals and Terraform Seeds, through the Magic Eden marketplace, creating a more efficient gameplay model.
