TL;DR
When you think of Magic Eden you probably think of it as just another copy of the OpenSea marketplace. So it might surprise you that Magic Eden is not just another NFT Marketplace, from giving users access to a suite of Bitcoin L2 products to launching a proprietary wallet. Magic Eden breaks the mold of what we’ve come to expect from the traditional NFT space. Beating the pants off anything else currently offered to collectible traders.
For years we dealt with the monopoly that is Opensea. But, with the markets deflating in 2021, especially NFTs, an opportunity for a new champion was shuffled into the deck.
Starting as a simple Solana-based NFT market, Magic Eden has grown to accommodate trading across five different networks; Solana, Ethereum, Base, Polygon, and Bitcoin. Something that no other NFT market has been able to accomplish.
In this review, we’re going to dig a bit deeper into the Magic Eden ecosystem to see what’s next for this meta-shattering crypto collectibles market.
What is Magic Eden?
Reaching $2 Billion in volume this year. Anyone who uses Magic Eden for the first time finds themselves less restricted than when navigating a single network marketplace.
Housing all of our favorite NFT projects across the most prominently used networks, with more than 8,000 NFT collections, 22 million monthly users, and 100,000 wallets connected every day to trade and manage these collections.
There’s no denying that Magic Eden has that “it” factor. This is a testament to the Founder’s prior experience working as engineers for Uber, Facebook, Google, and Coinbase.
All elements of Magic Eden have a simple yet elegant design. Making the user experience a far better one than any other NFT swap meet. Letting you navigate five different networks from a singular dashboard.
Connect any number of wallets to Magic Eden and swap seamlessly between each one.
To make things even easier. Download or add the new Magic Eden Wallet extension to manage your entire collection in one place. Letting you swap your NFT on Base and diversify into Bitcoin Ordinals with just a couple of clicks.
Navigation is super easy to pick up once you begin using Magic Eden.
Choose to expand your market reach with the All Chains option to get an overview of the most traded projects on Solana, Ethereum, Polygon, and Base in one dashboard. Choose a specific blockchain from the network tab to narrow your search.
Sick of the same old NFTs? Switch from Collectibles to Runes at the top to open up access to a growing Bitcoin Layer2 ecosystem. No matter what you need to do with NFTs. Magic Eden’s goal of filling the gaps left by other markets has been accomplished.
What is the Magic Eden Web3 Wallet?
Magic Eden has surprised everyone with its consistent expansion into everything NFT. Not happy with just creating the best NFT marketplace and trading experience.
Magic Eden has been on a constant quest to continue adding value to its name. Launching the Magic Eden Mobile Wallet and Desktop Extension at the beginning of this year. Not one, but both products were released at the same time Magic Eden added support for Bitcoin Layer2 collectibles. Showing what a true powerhouse its development team is.
Baked into the Magic Eden…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
