Is Magic Eden shifting away from Solana, or simply hedging their cross-chain bets? Regardless of motive, the NFT marketplace that has served as the top dog in Solana’s NFT ecosystem is adding Polygon to the mix.
Previously, Magic Eden has only supported the aforementioned Solana, and NFT leader Ethereum. Now, it adds another growing NFT chain to the mix.
Let’s take a look at the marketplace’s announcement and what it means for the NFT space at large.
Magic Eden’s Cross-Chain Move
Bitcoin maxi’s might object, but one of the few old adages in crypto is that “the future is cross-chain.” Magic Eden’s biggest impact has easily been within Solana’s scope. Despite doing roughly one third of OpenSea’s monthly USD trading volume, the exchange’s dominant position in Solana has allowed it to actually exceed OpenSea’s unique active wallet count (according to DappRadar data).
While OpenSea now supports Solana, Magic…
