Magic Eden is an NFT Marketplace that holds projects of all kinds, but with a few distinctions that make it stand out from others.
It has become the go-to NFT marketplace on Solana, where celebrities such as Reid Hoffman’s Dall-e-2, Lonzo Ball (joining with Michael Jordan and his son Jeffrey on HEIR), and “born-again Solano (SOL) proponent” Mike Tyson have joined in on the run on Ethereum-based projects during a time when collectors are looking for NFT alternatives with lower transaction fees.
While other marketplaces stayed laser-focused on building the Ethereum community, Magic Eden's founders were anticipating the need for lower-cost NFTs.
Magic Eden’s Australian-born co-founders Jack Lu and Zhuoxun Yin jumped on this and created their own wave before the $2 trillion crypto bear market hit that started decimating NFT trade volume in June. Magic Eden is now the second-largest NFT marketplace in the world and hosts 22 million+ unique monthly visitors, 8,000+ collections, and 100,000+ wallet connections daily.