Magic Eden

<p>Magic Eden (ME) is a leading platform in the NFT market. Initially  focused on the Solana blockchain, it gained recognition for offering  fast transactions and low fees. Since then, it has broadened its scope  to include NFTs on Ethereum, Polygon, and Bitcoin.</p><p>The platform serves as a space for trading digital collectibles  and launching NFT projects. Whether you’re an artist turning your work  into NFTs, a collector hunting for rare assets, or an investor seeking  new opportunities, Magic Eden offers an accessible and straightforward  way to engage with the growing digital asset space.</p><p>With more than 22 million visitors each month, over 8,000  collections, and $1.9 billion in secondary trading volume, Magic Eden  has established itself as a hub for digital ownership and creative  expression.</p><p>Magic Eden’s growth is closely tied to the increasing focus on effective <a href="https://listing.help/nft-marketing-mastery-how-to-position-promote-and-profit-from-non-fungible-tokens/" rel="noopener noreferrer nofollow">NFT marketing strategies</a>.  Creators and investors are realizing the importance of learning how to  position and promote non-fungible tokens to maximize their potential.  With its <a href="https://listing.help/supercharging-web3-multichains-and-l2-solutions/" rel="noopener noreferrer nofollow">multichain</a> compatibility, Magic Eden also provides opportunities for creators to explore innovative projects, such as <a href="https://listing.help/how-to-create-your-own-meme-coin/" rel="noopener noreferrer nofollow">creating their own meme coins</a>, which continue to gain traction in the digital asset space.</p><h2 id="header-0">Who Founded Magic Eden (ME)?</h2><p>Magic Eden was launched in September 2021 by Sidney Zhang, Jack  Lu, Zhuoxun Yin, and Zhoujie Zhou. Each founder brought expertise from  areas such as crypto, technology, and consulting, combining their skills  to create something innovative.</p><p>The platform is backed by some of the most prominent venture  capital firms in the crypto and Web3 sectors. These include Paradigm,  Sequoia Capital, Electric Capital, Coinbase Ventures, Solana Ventures,  Variant Fund, Kindred Ventures, Greylock Partners, and Lightspeed  Ventures.</p><h2 id="header-1">How Does Magic Eden Work?</h2><p>Magic Eden operates by using blockchain technology, primarily  Solana and other supported networks, to enable fast and affordable  transactions. Users interact with the platform through crypto wallets  like Phantom or Trust Wallet. Whether you&#39;re minting a new NFT, buying  one, or trading across collections, the platform makes these processes  straightforward and user-friendly.</p><h2 id="header-2">Magic Eden Features and How to Use Them?</h2><p>Magic Eden serves as a central platform for various NFT  activities. It&#39;s designed to be fast, affordable, and simple to  navigate. Here’s a breakdown of its main features:</p><h3 id="launchpad-for-new-nft-projects">Launchpad for New NFT Projects</h3><p>The Launchpad feature helps creators mint and showcase their NFT  projects. It streamlines the process, making it easier for creators to  share their work and reach potential collectors.</p><h3 id="a-marketplace-for-trading">A Marketplace for Trading</h3><p>For those looking to buy or sell NFTs, Magic Eden provides a  marketplace that simplifies trading. Whether you&#39;re new to NFTs or an  experienced collector, the platform is built to make transactions smooth  and efficient.</p><h3 id="royalties-for-creators">Royalties for Creators</h3><p>Creators can set up royalties on their NFTs, ensuring they earn a  percentage from every resale. This feature allows creators to maintain  ongoing revenue from their work.</p><h3 id="multichain-support">Multichain Support</h3><p>Magic Eden is compatible with multiple blockchains, including  Solana, Ethereum, Polygon, and Bitcoin. This multichain support allows  users to explore and trade NFTs across different networks, giving them  access to a wider range of projects.</p><h2 id="header-3">Where to Trade the ME Token?</h2><p>The ME token is now available on several well-known exchanges,  giving users more options to trade and utilize it within the ecosystem.  Currently, ME tokens can be traded on platforms such as <a href="https://listing.help/binance" rel="noopener noreferrer nofollow">Binance</a>, <a href="https://listing.help/kucoin" rel="noopener noreferrer nofollow">KuCoin</a>, <a href="https://listing.help/okx" rel="noopener noreferrer nofollow">OKX</a> and <a href="https://listing.help/how-to-list-token-or-coin-on-gate-io/" rel="noopener noreferrer nofollow">Gate.io</a>. Additionally, prominent South Korean exchanges like <a href="https://listing.help/upbit/" rel="noopener noreferrer nofollow">Upbit</a> and <a href="https://listing.help/bithumb/" rel="noopener noreferrer nofollow">Bithumb</a> have announced plans to list ME tokens, signaling further growth in its market reach.</p><p><img src="https://media.licdn.com/dms/image/v2/D4E12AQFTMC_2Ao2ITA/article-inline_image-shrink_1500_2232/article-inline_image-shrink_1500_2232/0/1734396963483?e&#61;1740009600&amp;v&#61;beta&amp;t&#61;FeikMm8vg_H9_GwI2bcOAlo8TKgNVhaYkByH04f1950" /></p><p>For more insights and updates on the crypto world, don&#39;t forget to check out our blog at <a href="https://listing.help/blog" rel="noopener noreferrer nofollow">Listing.Help</a></p>

What is Magic Eden (ME)?

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Sergei Khitrov

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