Entities

Magic Eden

Industry
Location
Founding Date
2021

Magic Eden is a decentralized NFT marketplace that allows users to create, trade, and collect NFTs. With cross-chain functionality, Magic Eden allows users to interact with a wide range of NFTs without switching platforms, providing a user-friendly option for trading digital assets. Magic Eden is Solana's largest NFT marketplace, enabling users to discover, buy, and trade your favorite digital collectibles. The marketplace is home to Solana NFTs, Bitcoin Ordinals, Polygon, Base, Ethereum, and Arbitrum NFTs. Based on trading and transaction volume, Magic Eden is the biggest marketplace in the world, comparing competitors such as OpenSea and Blur.

ABOUT MAGIC EDEN

  • Magic Eden is the leading cross-chain NFT platform that empowers users of digital communities to create, discover and collect unique NFTs. 

  • Magic Eden is a robust platform offering opportunities with a user-friendly interface suitable for experienced collectors and newcomers.

  • The marketplace stands out for its minimal transaction fees and its commitment to not charging creators for listing their NFTs.

  • The marketplace highlights popular collections like Bored Ape Yacht Club and CryptoPunks and showcases unique projects like Rutherford Chang’s Cents.


MAGIC EDEN FEATURES

  • Minting, Buying, and Selling NFTs. 

These core functionalities enable creators to launch collections and collectors to purchase and trade NFTs seamlessly.

  • Low Transaction Fees. 

Magic Eden’s Solana-based structure makes it more accessible and cost-effective for users than many Ethereum-based platforms, which charge higher gas fees.

  • High-Speed Trading. 

The marketplace is notably fast and can enhance the experience for users engaging in frequent or high-volume transactions.

  • Diverse NFT Collections. 

From artist-based collections to gaming assets, supporting ordinals and other collectibles, Magic Eden has a strong position in the field.

The marketplace offers tools not only for buying, mining, and selling but also for customizing storefronts and royalty settings.


NOTABLE COLLECTIONS

  • Mad Labs. 

A Solana-based collection with 9,965 unique NFTs, Mad Lads brings collectors with its engaging art and community-driven roadmap.

  • Bored Ape Yacht Club. 

Originally on Ethereum, this collection maintains a floor price above 10 ETH, establishing it as a premium collectible in the space.

  • CryptoPunks. 

As one of the earliest NFT collections, CryptoPunks carries significant historical value. Collectors prize these NFTs for their rarity, and their legacy attracts high-profile buyers.