Wednesday, November 23, 2022
HomeNFT collectableMagic Eden Broadcasts Integration with Polygon for Web3 Gaming

Magic Eden Broadcasts Integration with Polygon for Web3 Gaming


Fast take:

  • The Polygon integration will help a line-up of launches from world-class video games builders.
  • These embrace BORA, Block Video games, IntellaX, nWay and extra.
  • The Polygon community is house to a few of the largest Web3 gaming initiatives and publishers.

Magic Eden right this moment introduced plans to combine with the Polygon community, permitting {the marketplace} to work with strategic IP homeowners, world-class video games builders, and rising creators from the Polygon ecosystem.

This information comes shortly after Magic Eden launched Magic Ventures, a brand new fund that may concentrate on investing in promising blockchain video games and gaming infrastructure. It additionally launched its inside gaming division, Eden Video games in July, because the platform expands into blockchain gaming.

The Polygon community is house to a few of the largest Web3 gaming initiatives and publishers, together with Ubisoft, Atari, Animoca, Decentraland, Somnium House, Sandbox, and others. Magic Eden’s integration with Polygon will help a line-up of launches from world-class video games builders together with Kakao Video games-backed BORA, Block Video games, IntellaX, nWay, Boomland, Planet Mojo, and Taunt Battleworld.

“Our growth to Polygon is admittedly thrilling for 2 causes: first, we’ve all the time envisioned a cross-chain future for Magic Eden, and this brings us nearer to uniting a broader viewers who love NFTs. Second, given Polygon’s recognition amongst sport builders as a low-cost EVM-compatible chain, integrating Polygon will proceed to cement Magic Eden because the go-to web3 gaming platform,”  mentioned Zhuoxun Yin, Co-Founder and COO of Magic Eden. “Recreation builders will now have the best optionality on Magic Eden; we are able to make investments, launch collections, energy in-game exercise and drive consumer acquisition for builders constructing on Polygon with Magic Eden.” 

Largely generally known as the main market for Solana NFTs, Magic Eden has since turn out to be a multi-chain platform because it expanded to the Ethereum blockchain in August. The multi-chain growth to Polygon comes because the Solana blockchain is dealing with an unsure future as the worth of its native token, SOL, has plummeted over 50% after one of many blockchain’s largest backers, FTX, collapsed in current weeks.

Magic Eden’s integration on Polygon will first concentrate on offering instruments for creators, together with a MATIC-enabled (Polygon’s native token) Launchpad and Market debuting earlier than the tip of the 12 months.

“Within the quick time that it has come to market, Magic Eden has turn out to be identified for its means to ship new product options and handle ache factors felt on the creator and collector facet. Magic Eden has additionally confirmed it listens to sport developer wants and we’re thrilled to have them work carefully with Polygon’s gaming companions as a way to help the expansion of the NFT gaming ecosystem,” mentioned Sandeep Nailwal, co-founder of Polygon.

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