NFT marketplace Magic Eden integrates Polygon and moves forward with blockchain gaming

After announcing the news, Magic Eden pledged to onboard more brands and new users into the NFT market, popularize Web3 gaming, and become the top marketplace across chains. 

After the expanded support for Polygon, Magic Eden’s focus is geared toward gaming, as the company claims it’s the dominant NFT platform for games. The marketplace aims to support game developers by helping Web3 games reach valuable audiences, investing in early-stage games through Magic Eden Ventures, offering games to sell NFTs in the active game-dedicated marketplace, and providing top infrastructure. Magic Eden has already launched over 100 gaming and metaverse projects.

“Given Polygon’s popularity amongst game developers as a low-cost EVM-compatible chain, integrating Polygon will continue to cement Magic Eden as the go-to Web3 gaming platform. Game developers will now have the greatest optionality on Magic Eden; we can invest, launch collections, power in-game activity and drive user acquisition for developers building on Polygon with Magic Eden,”

said Zhuoxun Yin, the co-founder and COO of Magic Eden.

Polygon wrote that the integration accelerates “the development of exciting blockchain-based games and global brands entering Web3.”

One of the possible reasons why Magic Eden began building a multi-chain platform was the collapse of Solana. Even before the FTX bankruptcy, the cryptocurrency was trading low (around $30). In the last few weeks, SOL couldn’t go higher than $18 and is currently at a mere $11.85.

Yesterday Magic Eden said that more big announcements are coming out this week. Meanwhile, users speculate that Polygon might be integrating with YouTube.

Some NFT creators have been disappointed with Magic Eden’s decision to move forward with the recently implemented optional creator royalties on the marketplace.

Related posts: