Back to the list

Top Solana (SOL) NFT Marketplace Announces Extension to Ethereum (ETH) Layer-2 Solution Polygon (MATIC)


dailyhodl.com 23 November 2022 17:55, UTC
Reading time: ~2 m

The largest marketplace for non-fungible tokens (NFTs) on the Solana (SOL) blockchain says it is integrating with blockchain scaling solution Polygon (MATIC).

Magic Eden says it is adding Polygon as its third supported chain after Solana and Ethereum (ETH) in a bid to become a multi-chain platform and bring more global brands and users into the NFT space.

“Today, we’re continuing our multi-chain vision by adding Polygon as our 3rd chain! We can’t wait to partner with world-class game developers, creators, & everyday brands joining web3.”

In a statement, Magic Eden says it anticipates being the go-to destination for NFT creators and collectors as it aims to become a multi-chain platform.

“In the long run, people will flock to Magic Eden not because of a specific chain, but simply because they love NFTs. Our conviction remains that one day, sooner than we think, NFT traders will be chain agnostic.”

Magic Eden says it will also continue to offer web3 games to the masses with the expansion given that Polygon is supported by some of the biggest gaming projects in the industry, including Sandbox, Atari, Skyweaver and Midnight Society.

Magic Eden’s partnership with Polygon comes as Solana suffers substantial losses in the wake of the FTX implosion. From trading at a high of $33.39 on November 1st, SOL is now trading for $13.10, marking a drop of more than 60% this month, and a 94% drop from its all-time high.

Back to the list