NFT Marketplace Magic Eden Partners with Blockchain Gaming Giant PolygonWed, 11 23rd 2022, 7:02:23 PM Posted By Nimi Qaisar
Popular NFT marketplace Magic Eden integrates with Ethereum Blockchain Gaming Gaint Polygon. Here’s a ‘behind-the-curtain’ breakdown for this massive partnership between Magic Eden & Polygon for future of web3 gaming.
The world of blockchain gaming is growing every day. Despite the ups & downs faced by the NFT Market values. People are still highly invested in playing & earning through various Blockchain games. Boosting the NFT business, a well-known NFT marketplace- Magic Eden has integrated with Ethereum scaling layer-2 blockchain tycoon- Polygon to make its NFT gaming and ecosystems more engaging.
What’s The Need?
Magic Eden with this revolutionary decision wants to expand their ability to support Polygon’s ecosystem of game developers and creators. Surely, we all know that the Polygon network possesses some of the biggest web3 gaming projects under its belly. And prominent gaming publishers like Ubisoft, Atari, Animoca Brands, Decentraland, Sandbox, along with others are already sharing their platforms with Polygon. Altogether, for Magic Eden, its a BIG DEAL!
Adding to the thought COO of Magic Eden Zhuoxun Yin said-
“Polygon has already brought many recognized brands into web3, which opens the gate for new users to discover the many utilities of NFTs.”
You might even remember the controversial partnership of Ethereum-focused Polygon with non-crypto-native companies like Instagram, Stripe, Disney, Starbucks and Robinhood to merge Web3 gaming technology with more existing eminent businesses.
What Can be Expected from This Partnership?
Polygon has phenomenal support of over 37,000 decentralized applications (dApps) and by far it has processed around 1.8 billion total transactions (based on the data on its website).
Magic Eden’s expansion with Polygon could provide them the ability to tap into the NFT ecosystem and vice versa. Magic Eden is no less of a partner when it comes to NFT transactions. Its popularity grew like a spark & kept going! On average, it handles around 10 million unique user sessions per month and manages almost 20,000 NFTs traded on a daily basis.
This huge integration will substantiate providing tools to innovators including a launchpad and a marketplace. All the trading zones will be linked to Polygon’s native token- MATIC.
For those who don’t know Crypto launchpads aka crypto Incubators are platforms that provide web3-focused projects a space to build inside a designated blockchain network. For Magic Eden’s case, the NFT marketplace launchpad is based on a cross-chain of Solana, Ethereum or both. Under this Partnership, Yin said.
“Our entry into Polygon will include a launchpad and marketplace, both of which will go live next month and simplify the process for NFT creators and collectors,”
So far, Magic Eden has managed to cater around 100 games to the market across the layer-1 blockchains Solana and Ethereum. Let’s see what their future beholds together.
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