Entity: MAGIC-EDEN
Magic-Eden is a decentralized NFT marketplace that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin, known for its fast transaction processing speeds and low fees.
MAGIC-EDEN
Etymology
The term 'Magic-Eden' combines the concept of magic, representing supernatural forces, with 'Eden,' symbolizing a paradise or ideal state.
Definition
Magic-Eden is a decentralized NFT marketplace that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. It is known for its fast transaction processing speeds and low fees, redefining how NFTs are traded, created, and owned.
Historical Context
Magic-Eden started on Solana and quickly expanded to become a prominent multichain NFT marketplace, capturing over 90% of Solana's NFT trading volume.
Cultural Significance
As a tastemaker in the crypto world, Magic-Eden has revolutionized the NFT market by offering a seamless trading experience across different blockchains.
Related Concepts
Magic, NFTs, Decentralized Marketplaces, Solana Blockchain
See Also
A cutting-edge NFT marketplace redefining how we trade, create, and own digital assets across various blockchains.