The world of NFTs continues to evolve rapidly, with new marketplaces and collections popping up every day. One platform that is quickly rising to prominence is Magic Eden, a cross-chain NFT marketplace that has gained a reputation for being creator-friendly. Originally launched on Solana, Magic Eden has expanded to support other networks, and now it’s opening an Ethereum Marketplace that promises to be one of the top destinations for collectors and creators alike.
The launch of the Ethereum Marketplace, called ETH Genesis, was announced on March 29, 2023. This new platform will feature ten new Ethereum collections that will be available for minting through the official website starting on April 6. Ethereum is the latest network to be added to Magic Eden’s list of supported chains, which also includes Bitcoin and Polygon.
One of the things that sets Magic Eden apart from other NFT marketplaces is its commitment to respecting creator royalties. Many competitors, such as OpenSea and Blur, have been criticized for promoting low royalty fees, which can make it difficult for creators to make a living from their work. Magic Eden plans to change that by giving creators a fair share of the revenue generated by their native collections.
Zhuoxun Yin, the COO and co-founder of Magic Eden, believes that Ethereum is the perfect network for the platform’s expansion. “We’ve always respected Ethereum as the largest, most established community for NFTs,” he said. “We bring a proven ability to partner with creators, and we think our strengths will continue to serve the growth of ETH’s NFT ecosystem.”
To celebrate the launch of the Ethereum Marketplace, Magic Eden is working with some of the leading projects in the ecosystem, including Hashflow, CNWAFUKU, KaijuKingz, and others. For a limited time, the platform will also be offering a “royalty boost” to its partners and sharing revenue from marketplace fees with them.
But Magic Eden isn’t just about NFTs. The platform is also making waves in the Web3 gaming and metaverse communities by offering a series of free mints for over a dozen gaming projects as part of its March Madness event. This shows that Magic Eden is committed to serving all aspects of the Web3 ecosystem and providing benefits to both creators and collectors.
In conclusion, the launch of Magic Eden’s Ethereum Marketplace is an exciting development for the NFT community. With a commitment to fair royalties for creators and a track record of successful partnerships, Magic Eden is poised to become one of the top destinations for NFT collectors and creators on the Ethereum network.
