Cross-chain NFT marketplace Magic Eden has revealed plans to partner with the Polygon network. Magic Eden will be able to collaborate closely with important IP owners, top-tier game developers, and up-and-coming artists from the Polygon ecosystem thanks to the expansion.
NFT Market Magic Eden Partnership with Polygon Network
The Polygon network is home to some of the biggest Web3 game projects and businesses, including Ubisoft, Atari, Animoca, Decentraland, Somnium Space, and Sandbox. The project is also in partnership with well-known companies including Stripe, Robinhood, and Adobe.
With the help of Polygon, international companies are enlisting people in web3 activities and building new digital communities, which are directly related to Magic Eden’s objective of reaching more NFT consumers. Zhuoxun Yin, the co-founder and CEO of Magic Eden, has stated:
“Two factors make our expansion to Polygon so exciting: first, we’ve always envisioned a cross-chain future for Magic Eden, and this moves us closer to bringing together a larger audience who enjoy NFTs, Second, incorporating Polygon will maintain Magic Eden’s position as the preferred web3 gaming platform, given the popularity of Polygon among game producers as a reasonably priced EVM-compatible chain.”
Before the year comes to a close, a MATIC-enabled (Polygon’s native token) Launchpad and Marketplace will debut as part of Magic Eden’s integration. World-class game publishers have already signed up for Magic Eden’s Launchpad for Polygon, eager to take advantage of the audience the NFT marketplace has across all chains.
BORA, supported by Kakao Games, IntellaX, nWay, Block Games, Boomland, Planet Mojo, and Taunt Battleworld, are just a few developers who have committed to Magic Eden’s Launchpad with Polygon. Sandeep Nailwal, the co-founder of Polygon, commented on the partnership:
“We’re thrilled to collaborate with Magic Eden to offer a better NFT marketplace experience. Magic Eden has quickly established a reputation for delivering new product features and taking care of issues that both creators and collectors have. Additionally, Magic Eden has demonstrated that it pays attention to the needs of game developers. Therefore we are delighted to have them collaborate closely with Polygon’s gaming partners to assist the expansion of the NFT gaming ecosystem.”
Polygon Integration to Facilitate a Launch Schedule
The Polygon network already supports tens of thousands of decentralized applications (dApps) and has handled 1.9 billion transactions, 174.9 million unique user addresses, and safeguarded over $5 billion in assets.
With the addition of Polygon, Magic Eden users will have access to the network’s low fees, high degree of composability, and EVM compatibility environment, all of which are essential for effective game design. This will allow for a more fluid trade experience.
Magic Eden has emerged as the top location for NFT discovery, ownership, and expression since its founding in September 2021. Over 20,000 NFTs are exchanged daily on the Magic Eden market, which sees an average of 10 million unique monthly sessions.
Additionally, the platform has seen NFT trading volume totaling more than $2.5 billion up to this point. With the inclusion of Polygon, Magic Eden will continue to offer quick, enjoyable multi-chain NFT trading experiences. Magic Eden will assist game developers and international businesses in supporting the long-term growth of NFTs by utilizing Polygon’s quick and secure blockchain.