Magic Eden Bolsters Polygon Support with Wave of Features

Magic Eden rolls out a slew of new features for Polygon PoS.

Polygon Matic staff checking over something's in Magic Eden NFT land.
Created by Kornelija Poderskytė from DailyCoin
  • Magic Eden has rolled out a feature-packed upgrade for its Polygon PoS marketplace.
  • The NFT marketplace asserts that these features have long been sought after within the community.
  • The move follows OpenSea Pro’s decision to launch on Polygon.

Since launching on the Polygon network in November 2022, Magic Eden has pushed to improve its offerings on the blockchain. Following the addition of NFT minting and trading services in December 2022, the NFT marketplace has now rolled out another slew of features to supercharge the user experience and functionality of its platform for Polygon users.

A Feature-Packed Update

In a press release on Tuesday, November 7, Magic Eden announced that it has rolled out several updates to its NFT marketplace on the Polygon PoS network to boost the user experience and add functionalities long sought after by the community. 

Among the headline updates is the introduction of an aggregation tool that allows users to view NFTs on other Polygon marketplaces. Magic Eden also introduced the enforcement of royalties through its payment processor to ensure the security of creator fees. In addition to these features, the NFT marketplace has also made its API public, allowing Polygon projects to integrate the marketplace.

Sponsored

Other changes made by Magic Eden include improvements to the user interfaces of the collections and profile page, as well as the introduction of deeper insights with advanced filters.

Commenting on the recent updates, Magic Eden CEO Jack Lu suggested that the NFT marketplace was just getting warmed up on Polygon.

"We feel like we're just scratching the surface for what's possible on Polygon. We hope that by launching and opening up some of these new features, more collectors, creators, and game developers will join us, and we can keep growing the Polygon ecosystem together," he asserted.

Per the press release, Magic Eden intends to roll out more features in the coming weeks, including collection offers and multi-bidding. These will allow holders to place and track multiple NFT bids.

Sponsored

The recent slew of updates from Magic Eden adds to the growing competition among NFT marketplaces on Polygon as it continues to attract leading names.

Game Recognize Game?

Magic Eden is not the only leading NFT marketplace to have bolstered its offering for the Polygon ecosystem in recent weeks. On November 2, OpenSea Pro announced it was now multichain due to its integration of the Polygon network, allowing users to trade NFTs within the ecosystem.

The Polygon NFT ecosystem plays host to popular Web 2.0 brands like Reddit and DraftKings, as well as gaming titles like The Sandbox and Planet Mojo. According to CryptoSlam data at the time of writing, the Polygon network has processed over 1.4 million NFT transactions, second only to Mythos and nearly twice as much as Ethereum.

On the Flipside

  • On September 8, Binance NFT marketplace announced that it was ending support for Polygon NFTs.
  • Aside from Polygon, Magic Eden supports multiple blockchains, including Solana, Ethereum, and Bitcoin.

Why This Matters

Magic Eden is one of the most popular NFT marketplaces. Recently added features would significantly improve the experience of NFT enthusiasts on the network.

Read this to learn more about OpenSea Pro’s decision to launch on Polygon:
Polygon NFTs Receive OpenSea Pro Boost After Binance Blow

Read this to learn more about the potential impacts of rising open interest in Bitcoin futures on the price of the asset:
Bitcoin Open Interest Tops $15B, How Will Price React?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Okoya David

David Okoya is a crypto news reporter at DailyCoin based in Nigeria. He covers various topics related to the cryptocurrency industry, including exchanges, regulations, and price movements, and strives to bring fresh angles to breaking news. With experience as a freelance crypto news writer, David upholds the highest journalistic standards, telling complete stories and answering lingering questions whenever possible.