Magic Eden Unveils Ethereum Marketplace: ETH Genesis

Magic Eden, a leading cross-chain NFT platform, has announced the beta launch of its Ethereum marketplace, ETH Genesis. The launch of the ETH Genesis on Thursday, April 6th, introduces over 10 new Ethereum collections available for minting through its Launchpad, providing collectors with an efficient platform for seamless minting and trading of ETH NFTs. The company aims to expand its base of creators and collectors served by pushing forward with cross-chain efforts, rolling out its Ethereum marketplace and devoting attention to its ETH Launchpad. Magic Eden aims to become the ultimate destination for NFTs on all chains.

In line with its expansion within Ethereum, Magic Eden is launching a marketplace that respects royalties for native listings. The company’s goal is to eventually aggregate marketplaces across the ecosystem. The platform will partner with leading projects in the ecosystem, including Hashflow, CNWAFUKU, KaijuKingz, Realm Hunter, The Space Club, McPepe’s, Blocky Doge 3.0, Freakz by Subber, Shrapnel, Magna, ZTX, Serial Experiments Lain, and Code Name: Stardust to commemorate the ETH marketplace launch.

To support its partners, Magic Eden will provide a “royalty boost” and share revenue from marketplace fees with the listed launchpad partners for a limited time. The team will continue to support creators on the marketplace with royalties for all ETH NFT collections traded on native listings.

What is Magic Eden Marketplace?

Magic Eden is a single landing place for NFTs across various chains. It curates the top ETH mints, providing users with a seamless experience where they can trade pieces from collections living on the most prominent blockchains, including the recent addition of Bitcoin.

As a marketplace that aims to serve both creators and collectors, Magic Eden has been introducing numerous features that benefit both communities, including rewards programs for collectors and traders and advanced analytics for traders. It also offers announcement support and Launchpad service for creators. The company plans to scale its differentiators to continue expanding into new and existing markets. The initial phase of the ETH marketplace rollout marks the start of the expansion, and the team will continue to expand upon the offering in the coming months.

Zhuoxun Yin, COO and co-founder of Magic Eden, stated, “We bring proven ability to partner with creators as the only NFT platform that has launched 400+ projects and raised over $120M for creators. We also have a team of shippers that can move nimbly. We think our strengths will continue to serve the growth of ETH’s NFT ecosystem.” The company respects Ethereum as the largest, most established community for NFTs and will start making inroads with its own marketplace and dedicated launch partners to grow from there.