Magic Eden, a marketplace for NFTs, is making waves by expanding into Bitcoin NFTs alongside ETH and SOL. The CEO highlights the strategic advantage of a multi-chain approach, positioning them ahead of competitors like OpenSea. Magic Eden aims to dominate the BTC NFT ecosystem and win in the Solana market, driving the value of their ME tokens.
1/ Magic Eden launched on Ethereum a week ago and has facilitated $390k of creator royalties since then (16.7% share) src: https://t.co/86v09X9YhG https://t.co/v30djNNE5C
Here’s how Magic Eden can win: BTC NFT ecosystem becomes #1 & Magic Eden dominates BTC ➡️ ME tokens become more valuable ➡️ Farmers see this, switch Tensor->Magic Eden ➡️ Magic Eden wins Solana ➡️ ME tokens become more valuable Seems like a very viable flywheel, not even… https://t.co/9VgsFWWbHU
Magic Eden's leap into Bitcoin NFTs marks a pivotal shift in the NFT landscape 🌐 CEO @0xLeoInRio shares how embracing a multi-chain approach positions them ahead of rivals like OpenSea and underlines the evolving market dynamics. https://t.co/CZm49Ud4za
Magic Eden has become my 'go to' for all NFTs now - ETH, BTC & SOL. So handy having everything on one marketplace. Diamonds rewards are lit too.
Magic Eden still dominating the market https://t.co/9J8Wcu75pX