Magic Eden Launches Multi-Chain Wallet Supporting Solana, Bitcoin, Polygon, and Ethereum Blockchains
NFT marketplace Magic Eden has unveiled a multi-chain wallet, accommodating the Solana, Bitcoin, Polygon, and Ethereum blockchains, in a bid to streamline the management and trading of crypto assets across various networks.
The platform had previously introduced the beta version of its wallet in November 2023, accessible to a select group of early testers, and has now officially rolled out the anticipated release following a teaser announcement last Friday.
Developed in partnership with Exodus, the self-custodial wallet ensures users maintain control over their crypto assets, emphasising security and convenience.
Introducing Magic Eden Wallet: the only wallet you'll need for all your multi-chain NFT needs.— Magic Eden 🪄 (@MagicEden) January 29, 2024
💧Instant cross-chain swaps
💧NFT portfolio management
💧Native Ordinals & BRC20 support
💧End to end rare sats management
Plus we have some amazing perks for users (1/2) 👇 pic.twitter.com/BG1Eve6OP3
It boasts a user-friendly interface, facilitating instant cross-chain swaps, NFT portfolio management, and direct trading of NFTs within the wallet itself.
In an official statement, Magic Eden emphasised the necessity for a unified wallet to complement its NFT and ordinal offerings across major chains, recognizing the growing demand for seamless management and collection of NFTs.
To incentivize early adopters, Magic Eden is introducing limited-time, in-wallet mints of exclusive NFT projects like Claynosaurz, Degenerate Ape Academy, and BoDoggos throughout February, in addition to airdrops and other perks for users.
Originally catering to the Solana NFT community, Magic Eden expanded its support to include Polygon NFTs in November 2022.
Subsequently, Bitcoin and Ethereum were integrated as the third and fourth supported chains in March 2023. However, despite its expansion efforts, Magic Eden was surpassed by Tensor as the top Solana NFT marketplace by daily trading volume last year.
Presently, Magic Eden stands as the second-largest marketplace by daily trading volume for Bitcoin Ordinals NFTs, following OKX, as reported by The Block’s data dashboard.
Additionally, the platform extends support for BRC-20 tokens, an experimental standard for fungible tokens on the Bitcoin blockchain.