Magic Eden has introduced a new creator launch pad to help creators sign up their Bitcoin-based NFT collections for Ordinals. With the new platform, creators will be able to create tokens on the Bitcoin network without having to worry about the technical details of Taproot and signups. Ultimately, the move is part of Magic Eden’s efforts to make NFTs more accessible to everyone. Let’s dive in!
The NFT market that everyone is talking about
First of all, let’s take a look at Magic Eden. Essentially, the popular NFT marketplace provides a platform for creators to create and sell various types of NFTs. These include digital collectibles and game assets, all with minimal fees. Ultimately, it has earned a reputation as a community-driven platform that supports various NFT projects, allowing users to discover exciting new NFTs to add to their collections.
Since its release, Magic Eden has grown in popularity. Investors and collectors see it as one of the most vibrant and dynamic markets in the NFT space. It has attracted renowned investors such as Alameda Research and Jump Trading who recognized its potential to become a big player in the NFT market.
Magic Eden started as one of the reference markets to buy and sell Solana NFTs. However, its popularity has grown far beyond that. The decentralized marketplace has already expanded its offerings to include Ethereum-based NFTs and Bitcoin NFTs, making it a top destination for NFT enthusiasts.
Previous Magic Eden expansions helped the platform gain even more attention from NFT collectors and creators. Offering a marketplace for everyone, and now with its creator launchpad, Magic Eden is a one stop shop for NFT enthusiasts.
Magic Eden expansion to ordinals
Magic Eden has released a creator Launch pad for ordinals, making it easy for creators to sign up their Bitcoin-based NFT collections. Significantly, the new feature is intended to help creators enroll their NFT collections and promote the growth of a larger market in Bitcoin.
Additionally, the platform has partnered with NFT collection, Godjira, to launch its (dead) Bitcoin-based collection jira on April 7. Lazy Lions, Humanoids, and rapper Lil Durk are also set to mint Bitcoin inscriptions on the new platform over the next week.
The popularity of ordinals has increased since January. Notably, Magic Eden seeks to meet the needs of the growing community. In addition to expanding their offerings outside of Solana, they have launched a Bitcoin NFT marketplace. This allows collectors to purchase Ordinals on the secondary market, with support for two integrated Bitcoin wallets.
In addition, the platform has started a Web3 game collective. This aims to bring together the leading blockchain-based game funds and publishers to foster massive growth in the space. In early March, Magic Eden launched “Mint Madness”, which allows users to create free NFTs for more than a dozen Web3 games.
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