Magic Eden has purchased the crypto trading application Slingshot to expand its NFT marketplace. With this acquisition, Magic Eden can expand its services beyond NFTs and provide its users with comprehensive crypto trading features. The acquisition is part of Magic Eden’s initiative to support various blockchain protocols and improve user experience. Slingshot allows its users […]
Magic Eden
Bitcoin Fan Expose Magic Eden’s ‘Brilliant Tactic’ to Dodge Fees
Bitcoin enthusiast Danny unearthed a shrewd and unexpected tactic employed by one of the largest NFT trading markets, Magic Eden, sparking amusement in the community. As per Danny, Magic Eden has been cleverly shifting the cost burden of processing small output transactions onto Coinbase. Ideally, for every marketplace purchase on Magic Eden, there is a […]
Yuga Labs’ Bold Move: Royalties Only Zone
NFT behemoth Yuga Labs announced that it plans to withdraw its support of those platforms that do not enforce creator royalties, claiming that “royalties are the lifeline that keeps creators building fun, weird, and innovative activations in the space. This meant Yuga Labs collections with royalty filters at the protocol level could only be traded […]
Magic Eden Drops All-in-One Wallet: Solana, Bitcoin, & More
In a groundbreaking move for the NFT space, Magic Eden, a leading player in the non-fungible token [NFT] realm, has officially launched its highly anticipated multichain NFT wallet. Following a successful test launch, the wallet now allows for instant cryptocurrency swaps between Bitcoin, Solana, Ethereum, and Polygon, providing NFT collectors with a faster and more […]
Bitcoin Ordinals Record-Breaking Sale Hits 10.4 BTC
Continuing its remarkable trajectory, Bitcoin Ordinals has achieved yet another milestone, with NFT marketplace Magic Eden witnessing the highest-ever Ordinal sale, totaling 10.4 BTC. This historic transaction involved the Honey Badger collection, a series of 10K inscriptions spanning from 8 to 1029518. The buyer, identified as the pseudonymous Twitter user “OG General,” earned accolades from […]
Solana’s Magic Eden To Refund Users After “Massive Exploit”
Using suspicious photos in place of users’ NFTs, Solana’s top cross-chain NFT platform Magic Eden revealed on Twitter that one of the third-party picture service providers had been hijacked. The announcement was made yesterday, in response to complaints from community members who said that during the course of the previous day, instead of the NFTs they […]
Solana’s Magic Eden Blunder; Not NFT But Lewd Images Flashes
Solana’s leading cross-chain NFT platform Magic Eden announced on Twitter that one of the third-party picture service providers had been compromised, causing certain questionable images to be displayed in place of users’ NFTs. The announcement came after community members complained of witnessing images and stills from the TV series “The Big Bang Theory,” as well […]
Magic Eden Unveils Open Creator Protocol To Enforce Royalties
Magic Eden, a nonfungible token (NFT) marketplace based in Solana, California, is the most recent platform to make available a tool that allows creators to enforce royalties on their collections. It comes after rival NFT marketplace OpenSea revealed a comparable tool at the beginning of November. The Open Creator Protocol is the name of the […]
Solana NFT Platform Announces New Update On Royalties
One of Solana’s top NFT marketplace Magic Eden has shifted to optional royalties meaning the decision on how much royalties to pay will be passed to the buyer. “Our rationale for shifting royalties payments to the buyer is to make sure the buyer has a full understanding of whether they are going to receive the […]