Magic Eden, the premier NFT marketplace platform, has announced a major expansion by adding support for minting and trading on the Base network. This strategic move aims to solidify its position in the NFT scene, especially considering that Magic Eden already supports other prominent blockchains like Bitcoin, Ethereum, Polygon, and Solana.
The integration with Base comes at a crucial time as L2 NFTs are gaining popularity, and Magic Eden aims to capture a significant portion of this expanding market. According to NFT Pulse, Magic Eden dominated the market last week in terms of user count, trading volume, and royalties paid, demonstrating its strong presence and influence in the sector.
The first project to launch on our new Base Launchpad is @OfflineOracles, and it is now live. The mint price is 0.05/0.06 ETH, with a maximum of 3/5 per wallet. The total supply is 5500. Find it here: [link] [img]
Magic Eden users can now engage in transactions with NFT collections that are already popular on Base, such as Onchain Gaias and Tiny Based Frogs. To celebrate this news, the platform is launching three exclusive projects through the Magic Eden Launchpad: Offline Oracles, Buddies, and JOURNEY.
In addition, Magic Eden has introduced Diamond Rewards to incentivize the purchase, listing, and gifting of NFT collections on Base. Notable collections with increased rewards include Bomefers, Onchain Gaias, Swatches, and Primitives.
This new functionality implies that users who accumulate these assets now could potentially benefit from future airdrops on the platform. Furthermore, the Magic Eden Wallet already supports Base assets, providing users with even more options.
Base NFT is currently one of the most vibrant sectors in cryptocurrencies, with significant activity taking place on the network. While Magic Eden faces competition from OpenSea, it is well-positioned to potentially lead the NFT market on Base, creating new opportunities for both small and large collections.
For those interested in Runes, Magic Eden also offers a new trading platform for these assets, although it is still in its early stages of experimentation.
Disclaimer: The views and opinions expressed in this article, by the author or anyone mentioned, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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