Magic Eden Releases New Features
Polygon API tools are available to the public as creators continue to enjoy creator fees.
Magic Eden, a well-known NFT marketplace has released a full suite of platform upgrades for Polygon. Top of the list is the inventive NFT aggregator tool designed to combine collections from various platforms.
New Tools and Features
This announcement is coming after the company's ground-breaking partnership with Yuga Labs. Yuga Labs is the creator of Bored Ape Yacht Club. This update signifies its dedication to promoting an NFT marketplace that gives creator fees top priority.
Magic Eden has made changes to its NFT marketplace with the introduction of royalty enforcement. This underscores the platform's commitment to providing equitable compensation to creators. The business has also made its Polygon API tool available to the public. This is a useful tool that helps a variety of projects expand their NFT offerings. They can also use it to integrate marketplace features.
Magic Eden's co-founder and CEO, Jack Lu, highlighted some concerns. He started with the company's unwavering dedication to fostering growth within the NFT community. He also expressed excitement about the potential present in the Polygon ecosystem. Sandeep Nailwal, a co-founder of Polygon hailed Magic Eden as a steadfast force in the constantly changing NFT landscape.
Magic Eden is Experiencing Increase in Trading Volume
Magic Eden, which began life as a Solana-based NFT marketplace, has experienced a dramatic metamorphosis. It is now a flexible, multi-chain NFT platform that supports Ethereum and Polygon NFTs. Notably, the platform caused quite a stir in the industry when it launched a Bitcoin NFT Marketplace earlier this year.
A recent report from Nansen, a top provider of crypto research and analytics, highlights the thriving state of the NFT market. The report states that NFT sales for the week ending on November 6 increased to 68,342 ETH. This is a significant increase over the 29,704 ETH sales volume for the previous week. The steady increase in NFT volume over the last few weeks highlights the ongoing fervor and momentum in the growing NFT market. Magic Eden is positioned to have a significant impact on how the NFT landscape develops going forward. This is thanks to its unwavering dedication to innovation and community involvement.