Magic Eden is launching a creator-focused Launchpad. It’s designed for those embedding Ordinals on Bitcoin. The launch happened on April 7, 2023. This platform is a top choice for Bitcoin inscription transactions. Their goal is to offer a secure environment for creators to launch collections.
Magic Eden’s Marketplace and Launchpad
Magic Eden’s marketplace has been a success so far. They’re one of the main go-to destinations for trading Bitcoin inscriptions. Since launching their own Bitcoin NFT marketplace, they’ve held 70% of the market share and are always looking for new projects. They aim to provide collectors with a safe and secure platform. Their Launchpad supports Ethereum, Solana, Polygon, and Bitcoin. To date, they’ve helped over 500 creators and raised more than $150 million.
Zhuoxun Yin, COO and co-founder of Magic Eden shared his enthusiasm. He said, “We’re excited to expand our creator capabilities to Bitcoin and offer easy ways for creators to get started and launch. Bitcoin is the grandfather of all blockchains, and we believe it can be the home to pure digital artifacts. With Ordinals, content can be preserved forever, and we’re proud to be helping creators and the Ordinals community grow together.”
Creators Launching Ordinals on Magic Eden
Bitcoin Ordinals have been gaining traction recently, and collectors and traders seek a seamless experience with inscriptions. Magic Eden is set to be the first to offer a Launchpad experience for Bitcoin. Godjira, a well-known ETH collection, went live on April 7. Their (Dead)jira Legacy mint will launch alongside them. Additionally, four creators—Genopets, Lazy Lions, Lil Durk, and Humanoids—will launch Ordinals on the platform during the first week. Genopets will be the first game to do so.
Godjira’s co-founder expressed faith in Magic Eden. They said, “We chose to work with Magic Eden because they are a team of experts who can provide advice and guidance and have a reputation for quality and trustworthiness. We believe this launch is not only beneficial to [our community] but also the entire Ordinals space.” The team plans to educate more people about Ordinals through their collections.
The rising popularity of Bitcoin Ordinals highlights the potential of these digital artifacts. Magic Eden’s marketplace and Launchpad are paving the way for creators and collectors to benefit from this growing trend.
To buy Solana NFTs on Magic Eden, you need to set up a Solana wallet, acquire SOL from a supported crypto exchange, and connect your wallet to Magic Eden. Then, you can browse the marketplace and purchase the NFT of your choice.
Magic Eden supports multi-chain NFTs by integrating major blockchains like Solana, Ethereum, Polygon, Base, and Bitcoin, providing creators and collectors with more options and enhancing platform versatility.
Magic Eden’s Launchpad is designed for creators who want to embed Ordinals on Bitcoin, providing a safe and secure environment for launching their collections.
The fee structure on Magic Eden includes a 2% transaction fee, which is lower than the fees charged by other leading marketplaces such as OpenSea. The platform also adapts its fee structure to users’ trading styles.
Magic Eden has implemented stringent security measures, including Know-Your-Customer (KYC) requirements and partnership agreements, to ensure only experienced developers can launch projects on the platform. These measures help protect users and their investments.
You can use non-custodial Solana wallets like Phantom, Slope, Sollet, and Solflare with Magic Eden. Ledger support is also planned for the future.
The inaugural Ordinals launch on Magic Eden’s Launchpad is scheduled for April 7, 2023, with Godjira’s (Dead)jira Legacy mint as the launch partner.
The Launchpad supports Ethereum, Solana, Polygon, and Bitcoin, making it a versatile platform for creators to launch their projects.
