![]() ![]() How does this focus on community show up on Magic Eden? It all comes down to listening and responding. ![]() Instead of expanding on the transactional nature of the NFT market, the founders of Magic Eden opted to create a user experience centered around the unique needs and desires of the creators and collectors that make up the NFT ecosystem. The next most important aspect of Magic Eden is its focus on community. “We let people discover content, play games on magic Eden…We want to be a discovery portal for the best Web3 content.” Community-focused features It shouldn’t have to be a trader-focused mentality,” Yin said. “In the product experience of Magic Eden, you should be able to experience NFTs in a way without necessarily having to buy and sell them. To this end, the platform’s team centers the user experience on exploration and discovery rather than price indexes. Innovation is still happening, and whoever is going to support new use cases really well is going to stand to benefit,” Yin said.Īdditionally, Yin clarifies that he doesn’t just want the product to be easy to use, he wants it to be a joy to use. But that’s not just to create a headline and say we’re the first to do something. He explained that, at the end of the day, the company needs to be focused on this blend of innovation in order to keep its product unique and stay ahead of the competition. In an interview with nft now, COO Zhuoxun Yin said that the team spends a lot of its time ensuring that Magic Eden’s features are both cutting-edge and simple to use. For example, Magic Eden works hand-in-hand with creators on its Launchpad to help them create, mint, market, and successfully launch projects. It has quick processing times, solid security, and a host of compelling features that make buying and selling easy. Magic Eden is one of the most user-friendly platforms on the market. This raises some notable questions: What’s so special about Magic Eden? Why would investors so adamantly support a platform that, at the time, was barely half a year old?Ī screenshot of the Magic Eden website landing page taken by nft now Usability and Magic Eden And the raise was doubly impressive given that NFTs and crypto had been on a downward slump for the majority of 2022. It goes without saying that this is a major feat for any startup, let alone one in the blockchain industry. In June 2022, Magic Eden raised $130M at a valuation of $1.6 billion. The platform is widely heralded for three things: the simplicity of its tools, its focus on community, and the diversity of tokens that can be created and collected on the platform (but more on this later). Launched on September 17 of 2021, it was created as a marketplace competitor that could act as a home base for NFT collections on SOL. Magic Eden is the most popular NFT marketplace on the Solana blockchain. With its exceptionally low transaction costs and no fees for listing NFTs, Magic Eden has become one of the strongest competitors in the NFT marketplace race. Now, NFTs are on nearly every major chain, and new NFT marketplaces are cropping up almost quarterly.īut these platforms aren’t all created equal.Įnter Magic Eden: A shiny new marketplace that does far more than facilitate transactions. But times have changed since NFTs first gained mainstream attention, and the ecosystem has expanded far beyond the reach of a single blockchain. It once seemed that the Ethereum blockchain would always be the one-stop-shop for non-fungible tokens (NFTs). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |