What is magic Eden?

Magic Eden is a decentralized application (dApp) built on the Solana blockchain. It allows users to create and manage non-fungible tokens (NFTs) on the blockchain. These NFTs can be used for a variety of purposes, including digital collectibles, gaming assets, and more.

How much does it cost to list on Magic Eden?

No, listing fees at 0% on Magic Eden.

Who created Magic Eden?

Magic Eden has 4 executives. Magic Eden's founder is Zhuojie Zhou. Magic Eden's current Founder, Chief Executive Officer is Jack Tanlu.

Who owns Magic Eden?

Magic Eden co-founders Zhuoxun Yin and Jack Lu. On Monday, Magic Eden plans to announce a $27 million round of funding from Sequoia and other investors.

Is Magic Eden legit?

Magic Eden is an excellent NFT buying and selling platform for both amateurs and novices alike.

Magic Eden NFT Marketplace Intro and Upcoming Features

How much does Magic Eden make?

According to data from analytics firm DappRadar, Magic Eden has generated about $461 million worth of NFT trading volume over the past 30 days, compared with just $12 million for the next-highest Solana marketplace, Solanart.

Where is Magic Eden based?

Magic Eden is located in Mountain View, California, United States . Who invested in Magic Eden ? Magic Eden has 5 investors including Paradigm and Electric Capital .

Who is the CEO of Magic Eden?

Jack L. - CEO & Co-Founder - Magic Eden | LinkedIn.

When was Magic Eden founded?

Since launching in September, 2021, Magic Eden has grossed over $200M in GMV to become the top NFT platform and one of the largest applications on Solana.

Is Magic Eden or Solanart better?

Solanart is the most reputable marketplace but also the one with the strictest curation. Magic Eden is a strong runner-up behind Solanart.

What are NFT coins?

NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can represent real-world items like artwork and real estate. "Tokenizing" these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud.

How do you sell on Magic Eden?

To list your NFTs on Magic Eden, you are required to fill out the complete application for listing from the link mentioned here https://airtable.com/shroOLXKGFsfhVWfd. Note that the incompletely or incorrectly filled application will lead to the rejection of the listing application.

How do I sell NFT?

How do I sell NFT on Solana art?

How can I put an NFT for sale on Solanart? First, connect your wallet using the 'Connect Wallet' button. Click on the 'Wallet' tab and you should now see the NFTs that you can put for sale. Click on 'SELL' and add a description.

Is Magic Eden popular?

Overall, Magic Eden is a relatively new platform to mint, sell and buy NFTs. But the high throughput of Solana blockchain makes the fees involved with Magic Eden almost negligible, and hence, it is quickly becoming one of the most popular platforms to trade NFTs.

What is floor price NFT?

In the NFT market, floor price is the lowest amount of money you are able to spend to become a member of a project (own a NFT). Floor price is set by the individual who owns an NFT in a specific project and is listing the NFT for sale at a price cheaper than all other sellers within that given project.

How do I make Rarible?

What is the most expensive NFT ever sold?

Finally, the most expensive NFT to ever sell was Pak's 'The Merge'. The $91.8m price tag was a record for an artwork sold publicly by a living artist. The NFT was sold on Nifty Gateway to 28,893 collectors who purchased 312,686 units of mass (which were single NFTs).

What is NFT Solana?

Solana is already one of the world's most popular blockchains when it comes to non-fungible tokens (NFTs) and decentralized finance (DeFi). It's currently ranked as the fourth-most popular cryptocurrency globally, and there's no question that interest in Solana NFTs, in particular, is heating up.

How many NFTs are on Magic Eden?

A collection of 28 uniquely generated, highly specialized and collectible Sol analysts. Exclusive NFTs, a distinctive brand for every great collector.

Why is Magic Eden down?

No incidents or maintenance related to this downtime. No incidents reported today.

Is Magic Eden NFT safe?

According to Huang, Magic Eden now implements more rigorous minter safety and project quality checks for NFT collections. "So within safety criteria," Huang said, "every project will need to sign a partnership agreement, like an actual contract.

What is an NFT rug?

A rug pull is where fraudsters hype up a non-fungible token (NFT) project using social media, only to make away with the money once users put their money into the project.