Cryptocurrency

Solana NFT marketplace Magic Eden expands multichain vision with Polygon integration

Hull Invest

Magic Eden, the leading Solana NFT marketplace, recently polygon As part of a multi-chain strategy.

Once integrated, Magic Eden will be available on three different blockchains, with Ethereum comprising the other offerings.

magic eden blog post The team is “open to all possibilities that innovation brings,” explained the team. Combined with our overall goal of growing the NFT industry as a whole, a multi-chain policy makes sense for the widest possible exposure.

โ€œWe believe Magic Eden will become the default destination for web3 creators and collectors. In the long term, people will flock to Magic Eden not because of any particular chain, but simply because they love NFTs.โ€ prize.”

polygon is awesome symbiosis magic eden and

By the end of the year, Magic Eden will launch Polygon’s Launchpad program to begin integration. Several launches with his partners including Kakao Games, Intella X, nWay, Block Games, Boomland, Planet Mojo and Taunt Battleworld.

While clarifying why it chose Polygon over other options, the company added that Polygon has a strong track record in onboarding global brands, which complements the company’s vision of bringing NFTs to the masses.

Also with plans to expand its Web3 gaming strategy and Polygon already having a solid roster of Web3 gaming projects participating, Magic Eden said the partnership will help accelerate its push into the gaming sector. I was.

“Polygon is home to some of the biggest Web3 game projects, including Sandbox, Atari, Skyweaver, Midnight Society, Metalcore, Wildcard, and Zed Run.”

Solana developer sentiment

Recent events cast doubt on the Solana blockchain as a going concern. Heavily backed by the defunct FTX exchange, SOL’s price fell significantly compared to unrelated projects, with a peak-to-trough loss of -72%.

@analyticalaliengineers at crypto VC firm Reciprocal Ventures, recently surveyed 107 Solana developers to gauge their sentiments towards the project post-FTX demise.

In answering question 1 above, we found that the majority of 50.5% of respondents never left Solana, with less than 3% intending to switch chains for fallout.

Interestingly, regarding question 6, 72% of respondents said they were not affected because they were not exposed to FTX. The most important subsequent response to the question revealed that her 15% of respondents were affected by funds held in bankrupt exchanges.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button