NFT Creation and Trading Options Expand on Sei Blockchain Courtesy of Magic Eden
Magic Eden, a leading multi-chain NFT marketplace and app, has announced its expansion to include the Sei Blockchain. This move marks a significant step in Magic Eden's mission to provide a unified, multi-chain Web3 app experience for users.
The Sei Blockchain, known for its fast transaction processing speeds, comparable to Web2 platforms, will be the 11th network in Magic Eden's ecosystem once the layer-1 blockchain launches its testnet. The addition of Sei Blockchain will bring a host of new features, including an NFT launchpad, a mint terminal, and a marketplace, to Magic Eden's platform.
This expansion was announced via an X post on Wednesday. Magic Eden's foray into Sei Blockchain is part of its rapidly growing ecosystem, which currently supports NFT creation and trading tools on ten blockchains, including major ones such as Solana, Ethereum, and Bitcoin.
The ME token, developed by the ME Foundation, will be accessible through the Magic Eden desktop and mobile wallet. The adoption of the ME token aims to enhance the cross-chain NFT trading experience on Magic Eden's platform.
Magic Eden's recent growth can be traced back to April, when it became the largest NFT marketplace by transaction volume, largely driven by Runes' debut and the platform's expansion to the Bitcoin ecosystem. In the same month, Magic Eden also collaborated with Aethir to create a unified Web3 gaming ecosystem.
The collaboration with Aethir leverages Aethir's enterprise-grade GPU infrastructure and Magic Eden's NFT platform. Previously, Magic Eden added support for BeraChain and ApeChain, making them the 8th and 9th networks in its ecosystem.
Magic Eden's expansion goes beyond offering NFT creation and trading tools on different blockchains. The platform's goal is to provide a seamless, cross-chain NFT and token experience for its users. The ME token adoption in August was one of the recent developments in this direction.
This move to Sei Blockchain is another testament to Magic Eden's commitment to evolving with the rapidly changing multi-chain NFT landscape. As Magic Eden continues to grow and adapt, it is poised to remain a leading player in the NFT marketplace scene.
[1] Source: Magic Eden's official blog post [2] Source: CoinMarketCap's Magic Eden page
- The addition of Sei Blockchain to Magic Eden's platform will further expand their NFT offerings, introducing new features such as an NFT launchpad, a mint terminal, and a marketplace.
- As Magic Eden continues to integrate with various blockchains, including Sei, Ethereum, Solana, Bitcoin, and others, their goal is to offer a seamless, cross-chain NFT and token experience for users, staying at the forefront of the rapidly evolving multi-chain NFT landscape.
