Magic Eden is set to integrate multiple cross-chain ecosystems and tokens by the end of the year, with the founder advocating the MAGIC principle.

Solana NFT marketplace Magic Eden was once seen as the biggest challenger to OpenSea, and recently Magic Eden has introduced new features.

CEO of Magic Eden, Jack Lu, announced on Magic Eden that they will soon integrate multiple cross-chain ecosystems and tokens on the platform. Digital asset custody and on-chain transactions can all be managed through the Magic Eden platform. It has been revealed that this will include platforms such as Coinbase's Base and Binance's Binance Chain. Jack Lu believes that the existing on-chain systems are overly complex, and digital assets cannot be stored and traded on the same platform, making the industry's various ecosystems more complex and fragmented.

Magic Eden will launch a platform by the end of the year that supports transactions on ten chains, and will offer both desktop and mobile versions. All transactions can be conducted using Magic Eden's native $ME.

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Introduction of the New Magic Eden System

New users can register for the Magic Eden App with just an email address. By the end of the year, Magic Eden will support cross-chain transactions across ten exchanges, allowing trading of NFTs, Runes, Ordinals, Solana, and more on Magic Eden.

Magic Eden Wallet Supports Solana and BTC

The Magic Eden wallet can be downloaded from Chrome.

The Magic Eden wallet is developed using the latest wallet standard protocols for SOL and BTC. Users can conduct fast cross-chain transactions and deposits/withdrawals for assets like BTC and SOL within the application.

The Magic Eden wallet is developed in collaboration with the Exodus wallet development team, reviewed by Halborn, and works with Blowfish to scan every transaction.

The key module is open source, allowing users to inspect the code themselves after release.

An all-in-one wallet. The first digital wallet that integrates directly with NFT Marketplaces, allowing users to collect and store NFTs on various chains including Solana, BTC, and any other chain. Users can list their collected NFTs, accept bids from other buyers, and sell them at desired prices.

Within the app, users can track and view NFT pricing, portfolio value, and transaction history. Magic Eden supports BRC-20. Using the Magic Eden wallet, users can send, receive, or purchase Ordinals, view complete transaction histories, and search for and send any BRC-20 tokens.

Magic Eden Wallet also supports Rare Sats management, allowing users to view Sats from the wallet and list the held Sats on the Magic Eden platform.

Magic Eden VS OpenSea

The main difference between OpenSea and Magic Eden is that OpenSea primarily focuses on Ethereum NFTs. In addition to Ethereum NFTs, OpenSea also supports compatible chains such as Polygon, Klaytn, Solana, Arbitrum, Optimism, Avalanche, and Base. OpenSea does not have NFTs from the BTC ecosystem, which means collectors of Ordinals, Runes, and BRC-20 NFTs must trade on Magic Eden. This poses a significant challenge for OpenSea, which has seen a decrease in trading volume.