Polygon is undeniably one of the most effective scaling solutions for the Ethereum blockchain. The network valiantly supported Ethereum during the DeFi boom. This was when Ethereum’s scalability issues, such as high-gas fees, low throughput, and slow transactions, were at their height.
Polygon quickly rose in popularity by working in tandem with Ethereum during the NFT craze, providing a low-fee and high-speed network to execute transactions on Ethereum. Today, it is home to some of the best Web3 gaming projects and developers, including Ubisoft, Atari, Animoca Brands, and Decentraland.
Magic Eden’s expansion to Polygon will enable the cross-chain NFT marketplace to work closely with strategic IP owners, world-class game developers, and upcoming artists. The NFT marketplace claims to pursue a multi-chain future, making the inclusion of Polygon’s colorful ecosystem a milestone achievement.
Starting from Solana and first going cross-chain with Ethereum, Magic Eden has set a precedent for its vision. The NFT marketplace has successfully launched over 20 projects and raised over 5,000 ETH tokens since it integrated Ethereum.
Magic Eden’s entry into Polygon will commence with a launchpad and marketplace, both of which will go live next month.
Leading Web3 game developers like Kakao Games, IntellaX, Boomland, Block Games, Planet Mojo, Taunt Battleworld, and more are ready to debut on the Magic Eden Polygon Launchpad. The projects can benefit from Magic Eden’s industry-leading distribution, market strategy and expertise, project planning, and Web3 network and community.
Subsequently, once the launchpad is live, Magic Eden is kickstarting its MATIC-compatible NFT marketplace. It will benefit creators and artists through enforced royalties and innovative monetization mechanisms. Moreover, the NFT marketplace has announced rolling out additional Polygon support for NFTs. These include Magic Eden List, Magic Eden’s audience targeting and whitelisting tool, Drop Calendar, and analytics tools that can optimize NFT discovery and trading.
"We have seen NFTs reach a cultural inflection point across chains and are excited to further support that with our Polygon integration," said Jack Lu, Co-Founder and CEO of Magic Eden. "The Polygon network's collaboration with some of the most recognized businesses and IPs, combined with its low-cost, high-speed protocol, will allow us to further expand our mission to onboard new users to Web3 by allowing creators to reach digital communities and develop highly-playable games."