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Magic Eden Continues to Push Forward Polygon NFT Potential

by BlockNews.com Team
November 7, 2023
in Breaking News, Business, Crypto
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Magic Eden Continues to Push Forward Polygon NFT Potential

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  • Magic Eden launched new features like an aggregation tool and public Polygon API to expand its Polygon integration and develop the Polygon NFT ecosystem.
  • The aggregation tool consolidates NFT listings across marketplaces, while the public API lets projects integrate Magic Eden marketplace features.
  • Magic Eden aims to continue growing its Polygon offerings to increase adoption, starting with enabling trading of existing Polygon NFTs and adding minting and trading support.

NFT platform Magic Eden is expanding its Polygon integration by launching new features like an aggregation tool and publicly releasing its Polygon API. These updates aim to further develop the Polygon NFT ecosystem.

🚨 NEWS: @MagicEden Expands Polygon Integration with Aggregation Tools and Royalty Enforcement.

CEO of Magic Eden Jack Lu states this development barely touches the surface of what Polygon can achieve pic.twitter.com/M5eJFaFehq

— BlockNews.com (@blocknewsdotcom) November 7, 2023

Details on Magic Eden’s New Polygon Features

Aggregation Tool

  • Allows users to consolidate NFT listings across multiple marketplaces.

Public Polygon API

  • Lets projects integrate Magic Eden marketplace features.
  • Aims to attract more developers, creators, and collectors to Polygon.

Royalty Enforcement

  • Magic Eden now enforces royalties on its Polygon marketplace. This ensures creators get paid.

Magic Eden’s Relationship with Polygon

  • Originally built for Solana, Magic Eden added Polygon support in November 2022.
  • Started by enabling trading of existing Polygon NFTs.
  • Added minting and trading of new NFTs a month later.
  • Focused on Polygon gaming assets.

Future Plans

Magic Eden plans to continue expanding its Polygon offerings to grow adoption. The new features are just the beginning according to the company’s CEO.

Conclusion

By integrating more deeply with Polygon through features like the aggregation tool and public API, Magic Eden seeks to strengthen the Polygon NFT ecosystem. The company aims to attract more developers, creators and collectors to the network.

Tags: BusinesscryptoMagic EdenNFTpolygon
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