Magic Eden, the prominent NFT marketplace platform, has announced a major expansion by adding support for minting and trading on the Base network. This strategic move is aimed at solidifying its position in the NFT scene, especially considering that Magic Eden already supports other leading blockchains like Bitcoin, Ethereum, Polygon, and Solana.
The integration with Base comes at a crucial time, as L2 NFTs are gaining popularity. Magic Eden aims to capture a significant portion of this growing market. According to NFT Pulse, Magic Eden dominated the market last week in terms of user numbers, trading volume, and royalties paid, demonstrating its strong presence and influence in the sector.
The first project to launch on the new Base Launchpad is @OfflineOracles, and it is now live. The mint price ranges from 0.05 to 0.06 ETH, with a maximum of 3 to 5 per wallet and a total supply of 5500. Users can find it here: [link] [image]
Magic Eden users can now engage in transactions involving popular NFT collections on Base, such as Onchain Gaias and Tiny Based Frogs. To celebrate this news, the platform has three exclusive launches through the Magic Eden Launchpad: Offline Oracles, Buddies, and JOURNEY.
Furthermore, Magic Eden has introduced Diamond Rewards, which incentivize the purchase, listing, and gifting of NFT collections on Base. Notable collections with increased rewards include Bomefers, Onchain Gaias, Swatches, and Primitives.
This new functionality suggests that users who accumulate these assets now may benefit from future airdrops on the platform. Additionally, Magic Eden Wallet already supports Base assets, providing users with even more options.
Currently, Base NFT is one of the most vibrant sectors in the cryptocurrency industry, with significant activity taking place on the network. While Magic Eden faces competition from OpenSea, it is well-positioned to potentially become the leading NFT marketplace on Base, generating new momentum for both small and large collections.
For those interested in Runes, Magic Eden also offers a new trading platform for these assets, although it is still in its early stages of development.
Disclaimer: The views and opinions expressed in this article, by the author or anyone mentioned, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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