NFT Marketplace Magic Eden Launches Multi-Chain Wallet
NFT marketplace Magic Eden has released a multi-chain wallet that supports the Solana, Bitcoin, Polygon, and Ethereum blockchains. The wallet, developed in collaboration with Exodus, is self-custodial and offers a user-friendly experience. It enables instant cross-chain swaps, NFT portfolio management, and direct trading of NFTs from the wallet. Magic Eden stated that the wallet fills a critical convenience gap in managing and collecting NFTs across major chains.
Incentives for Early Adopters
To incentivize early adopters, Magic Eden is offering limited-time in-wallet mints of NFT projects such as Claynosaurz, Degenerate Ape Academy, and BoDoggos throughout February. Users can also expect airdrops and other perks.
Expanding Support for Multiple Chains
Magic Eden initially focused on serving the Solana NFT community but expanded to support Polygon NFTs in November 2022. Bitcoin and Ethereum were added as the third and fourth supported chains in March 2023. Despite being overtaken by Tensor as the top Solana NFT marketplace by daily trading volume last year, Magic Eden remains the second-largest marketplace for Bitcoin Ordinals NFTs after OKX.
Hot Take: Magic Eden Empowers Users with Multi-Chain Wallet
With the launch of its multi-chain wallet, Magic Eden empowers users to seamlessly manage and trade their NFTs across major blockchains. The self-custodial wallet offers a user-friendly experience with features like cross-chain swaps and NFT portfolio management. By expanding support beyond Solana to include Bitcoin, Polygon, and Ethereum, Magic Eden caters to a wider range of crypto enthusiasts. The limited-time in-wallet mints and other incentives further encourage early adoption. As the NFT market continues to grow, Magic Eden’s multi-chain wallet positions itself as a convenient and versatile tool for NFT collectors and traders.
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