Magic Eden, one of the prominent names in the NFT marketplace has been making numerous strides lately. The platform recently launched support for Bitcoin Runes, a move aimed at streamlining BTC token trading. With this feature, Bitcoin NFTs crossed $100 million trading volume on Magic Eden in a month. The marketplace is also broadening its network through a multi-chain wallet for Bitcoin, Ethereum, Polygon, and Solana. Additionally, in a bid to boost the Runes Protocol, Magic Eden unveiled a new TypeScript tool. Integrating Solana's compressed NFTs and launching a new creator incentivization scheme are part of the marketplace's initiatives as well.
Magic Eden saw a trading volume of $756 million in March, surpassing several big-name networks such as Bitcoin, Ethereum, and Solana. However, an exploit led to the sale of fake NFTs and Magic Eden has pledged refunds to the affected users.
Jokes around decision-making through a magic coin or magic 8 ball are circulating, some even used by GMs for draft picks. There's been a buzz around new coins - or meme coins - including a meme coin magic concept where these tokens outperformed in a flat crypto market. Poodl Inu, considered the new sensation, is predicted to explode in the upcoming bull run. Dogecoin and Shiba Inu are other coins that investors believe might recapture their 2021 magic. Other currencies like 'Magic Internet Money' and 'Magic Square' have made their appearances in the market. Cryptocurrency firm Magic raised $52 million in a round led by PayPal Ventures while another firm, Magic Square, unveiled a $66M grant program.
Magic Eden is also partnering with Google to develop metaverse goggles.
There's speculation around the potential for magic coins as seen in the success of Bitcoin-based authentication platforms. Bringing magic coins into more mainstream applications is being contemplated as well, such as a casual coin game called LINE Magic Coin. Suspicions around alleged 'magic coin' leading to crime were in the news too.
Overall, the market for magic coins, particularly Magic Eden, seems to be heating up with various options launched and innovations on the anvil.
MAGIC Coin News Analytics from Thu, 08 Jan 2015 08:00:00 GMT to Mon, 01 Jul 2024 07:00:00 GMT -
Rating 5
- Innovation 8
- Information 6
- Rumor -2
