Magic Eden just announced that it will add support for NFT assets minted on Polygon, an Ethereum sidechain scaling network. Polygon enables significantly faster and cheaper transactions than Ethereum’s own mainnet, making it an ideal option for projects that require large amounts of digital assets.
Magic Eden launched 1 year ago and apparently already has a $1.6 billion valuation (at the time of reporting). It started as a marketplace only for Solana NFTs, but now it’s opening up to Ethereum. Magic Eden COO and co-founder Zhuoxun Yin, said they picked Polygon for its next addition due to two primary factors: growing adoption by major web2 brands and the potential for large-scale web3 gaming via the platform.
Magic Eden has revealed that several game developers have committed to minting their projects through its marketplace, including BORA, Intella X, nWay, Block Games, Boomland, Planet Mojo, and Taunt Battleworld.
The marketplace plans to integrate Polygon assets by the end of the year.
