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Home»ADOPTION NEWS»Magic Eden launches multi-chain wallet for Solana, Bitcoin, Polygon, and Ethereum
ADOPTION NEWS

Magic Eden launches multi-chain wallet for Solana, Bitcoin, Polygon, and Ethereum

By Crypto FlexsJanuary 30, 20243 Mins Read
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Magic Eden launches multi-chain wallet for Solana, Bitcoin, Polygon, and Ethereum
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Posted 1 minute ago In ~

NFT marketplace Magic Eden has launched a multi-chain wallet supporting Solana, Bitcoin, Polygon, and Ethereum blockchains.

The platform previously released a beta version of the wallet that will be available to a small group of early testers in November 2023, and teased today’s launch in an X post on Friday.

Developed in collaboration with Exodus, this wallet is self-custodial, allowing users to maintain control over their cryptocurrency assets. Designed to provide a more user-friendly experience, it allows for instant cross-chain swaps, NFT portfolio management, and NFT trading directly from your wallet.

“As the team made great strides in the NFT and Ordinals space, it became clear that a critical complementary piece of convenience was missing: a single wallet that would allow users to seamlessly manage and collect NFTs on major chains,” Magic said. Eden wrote in the announcement. .

To incentivize early adopters, Magic Eden said it will be offering limited-time in-wallet mints from NFT projects like Claynosaurz, Degenerate Ape Academy, and BoDoggos throughout February, along with Airdrops and other perks.

From Solana to multi-chain NFT support

Magic Eden was initially focused on serving the Solana NFT community, but expanded to provide support for Polygon NFTs in November 2022. Bitcoin and Ethereum became the third and fourth supported chains respectively in March 2023. Magic Eden was later topped by Tensor. Solana NFT Marketplace based on daily trading volume at the end of last year.

According to The Block’s data dashboard, Magic Eden is currently the second-largest marketplace for Bitcoin ordinal NFTs by daily trading volume, behind OKX. It also supports BRC-20 tokens, an experimental standard for fungible tokens on the Bitcoin blockchain.

The Block has reached out to Magic Eden for comment.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

James Hunt is a reporter for The Block, based in the United Kingdom. As a writer for The Daily newsletter, James also brings you up to speed on the latest cryptocurrency news every week. Before joining The Block in 2022, James spent four years in the industry as a freelance writer, contributing content to publications and cryptocurrency projects. James’ coverage ranges from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, modern NFTs and memecoins, regulatory environments, cryptocurrency company trading, and the immersive metaverse. It’s all-encompassing. You can reach James on Twitter or Telegram via @humanjets or email him at (email protected).
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