Earlier this week, an argument sparked off on the popular social media app, Twitter, involving a software developer of Hyperspace accusing Magic Eden of a DDoS (Distributed Denial of Service) attack but fortunately, he claimed he was able to curb the aggression before it became a massive problem for all users on the marketplace.
This accusation has forced all active NFT traders and investors to pick a side between the two popular NFT marketplaces, sparking a cold war between Magic Eden and Hyperspace.
Magic Eden has since then released a tweet saying, “The allegations against us from Hyperspace are blatantly false. They continuously spread misinformation about us while we are trying to focus on providing value to our users. This is over the line.”
However, this battle hasn’t died down as tweeps on social media have called out Hyperspace to provide proof of their allegations rather than disrupting their workflow and tarnishing their image in the eyes of their community.
This accusation between both NFT marketplaces has aroused some underlying issues which the users have had against Magic Eden. Recently, people have been switching their regular marketplace and moving to Hyperspace.xyz because it has their interest at heart rather than Magic Eden, which has derailed from where they originally began.
What is Hyperspace?
Hyperspace is a Solana-based NFT marketplace and aggregator that houses the world’s best NFTs. The original solanalysis team created it to allow only the best NFT trading experiences for everyone interested in Web3 and NFTs. Hyperspace.xyz built a powerful NFT trading commerce solely on Solana, adding value and space for Solana to thrive in the cryptocurrency market.
Hyperspace.xyz boasts of enabling its traders to connect on its native marketplace with low fees and across all Solana marketplaces from its UI (https://hyperspace.xyz). This is a feature that Hyperspace brought first into the NFTs marketplace as the aggregator receives many praises for being community-centric and always catering to the needs of all people trading on its space.
What is Magic Eden?
Magic Eden is a one-stop shop for Solana and Ethereum-based NFTs. The famous marketplace boasts of being a speedy and most feature-packed ETH aggregator. A community-focused organization tasked with providing the best NFTs right at the fingertips of its active traders and investors.
Effects of the Accusations Between Hyperspace and Magic Eden
While there has always been bad blood between both large and successful marketplaces, Hyperspace and Magic Eden have mostly been at arm’s length, but since recent events, there have been sides taken by loyal users of both marketplaces.
Unfortunately, Magic Eden is taking the brunt of the online battle as the once-revered marketplace is now losing its users. Magic Eden lacks in several ways, which the users have complained about severally. Still, Hyperspace, the new and improved NFT marketplace, listens to the troubled of the people and applies these needed features to its UI for efficient trading.
Some of the frequent complaints about Magic Eden have been their lack of providing value to their projects. Magic Eden had onboarded more ETH NFTs, one of the primary reasons most traders had to move to Hyperspace because Magic Eden was once in the lead when it came to displaying Solana-based NFTs.
Hyperspace and Magic Eden have been two of the most popular and largest NFT marketplace for all traders and investors in Web3. It is no surprise that the two have been at loggerheads since Hyperspace’s inception, which has been actively proving to be a better version of Magic Eden. The recent allegations have yet to be confirmed, but this has sparked a conflict among loyal users of both marketplaces.