- Magic Eden launched a multi-chain wallet supporting Solana, Bitcoin, Polygon, and Ethereum, to make managing NFTs across chains easier.
- The wallet release includes early adopter perks like limited NFT mints and airdrops to encourage usage.
- This multi-chain wallet supports Magic Eden’s evolution from a top Solana marketplace to a broader multi-chain NFT platform.
Magic Eden started as an NFT marketplace for Solana, but it has expanded to support multiple blockchains. The company recently launched a new multi-chain wallet.
Wallet Launch
Magic Eden launched its multi-chain self-custodial wallet after beta testing it in November 2022. The wallet was developed with Exodus and is designed for convenience. It enables instant cross-chain swaps, NFT portfolio management, and direct NFT trading.
The wallet currently supports Solana, Bitcoin, Polygon, and Ethereum – the four blockchains also supported on Magic Eden’s platform. The company said a multi-chain wallet was a missing piece needed for easily managing and collecting NFTs across chains.
Early Adopter Perks
To encourage early use of the new wallet, Magic Eden is offering limited-time mints of NFT projects and airdrops during February. There will also be other perks for early adopters using the wallet.
From Solana to Multi-Chain
Magic Eden started as a Solana-focused NFT marketplace. In November 2022, it expanded to support Polygon NFTs. Bitcoin and Ethereum were added in March 2023 as the third and fourth supported chains.
While Magic Eden was initially the top Solana NFT marketplace, it was later overtaken by Tensor on trading volume last year. For Bitcoin NFTs, Magic Eden is currently the second-largest marketplace behind OKX.
The wallet addition enables Magic Eden to better compete across multiple blockchains. It also supports the company’s evolution from a Solana-centric NFT marketplace to a broader multi-chain NFT platform.
