After announcing its plans to move to multi-chain last month, Magic Eden has officially begun testing its new Ethereum-based NFT trading suite. In this, the platform follows in the footsteps of industry leader OpenSea, which currently supports NFTs on the Ethereum, Klaytn, Polygon, and Solana blockchains.
Beta testing will begin this week, during which 10-15 Ethereum-based NFT collections will appear on Magic Eden for the first time. After successful testing next week, the marketplace will launch a complete set of trading tools.
With a complete set of Ethereum-based NFT trading tools, Magic Eden users will receive the same market promotion services as Solana-based NFTs. These include “quick buy” tools, a collection discovery page with the now familiar “drop calendar,” and the ability to sign up for a whitelist on the main page.
To optimize their activities, users can take advantage of the platform’s statistics page, as well as the “Pro Trade” function, which will allow them to view listings and sales in real-time, conduct listing distribution research, and compare asset prices with their rarity.
In addition, the marketplace will add cross-chain payments, which means that NFTs of any blockchain can be purchased with any cryptocurrency or fiat.
The addition of Ethereum will open up new opportunities for Magic Eden users to interact with previously inaccessible communities and collections.