Magic Eden support Solana and Ethereum NFTs together

In 10 months since Magic Eden's debut, it accomplished many things, including over $2B in cumulative trade volume, representing over 90% of all Solana NFT trades.
It serves as the home for over 10,000 collections, have launched 300+ projects on our Launchpad, and grown to over 100 team members around the world.
It has built a gaming vertical and launched over 60 gaming projects, and are partnering with many more to power their in-game marketplaces. Magic Eden also recently closed a $130M round, to further accelerate our growth across the NFT ecosystem.

Now Magic Eden decided to enter ETH as its next journey and expansion.
In its Manifesto, it says Magic Eden believe it can add more value.

The Room for Improvement

Today, even if Ethereum ecosystem is mature, creators and collectors still need to do too much on Ethereum to launch collections and trade NFTs.
This should be simple.

For NFT launches, creators have to stand up their mints from scratch.
They also have to find third party platforms to facilitate their whitelist collection.
All this takes away from creators being able to stay focused on their art and community.
On secondaries, collectors need to work across a fragmented set of Chrome plug-ins and analytics tools to make basic trading decisions, preventing many people from becoming collectors.

Solution from Magic Eden

Magic Eden will provide the single, best destination for both NFT creators and collectors.
For creators, it will provide the support necessary to launch new collections and grow communities.
For collectors, it will provide the best-in-class user experience to discover, own, and trade NFTs.

Phased Approach

• Phase 1: Discover and trade ETH collections
  The first phase will allow ME users to discover and trade ETH collections on the secondary market.

  1. Magic Eden List: Magic Eden are debuting a free whitelist and raffle tool right on ME, supporting both SOL and ETH collections. Creators can easily reach their audiences and plan launches seamlessly. Live by 8/3. Creators can go to our Creator Hub to apply to be on the drop calendar and create a whitelist.

  2. Drop Calendar: NFT enthusiasts love drop calendars. It’s an obvious win to everyone to see all upcoming launches on ETH.
     Any ETH creators will be able to apply to show up on our ETH drop calendar by registering.

  3. Buying SOL NFTs with ETH: Magic Eden add functionality where users can purchase SOL NFTs with ETH, with credit card to come after.

  4. ETH private beta: Magic Eden release ETH private beta in the upcoming weeks to browse and purchase ETH NFTs with their choice of ETH, SOL, or credit card.

• Phase 2: Launch new ETH collections
  Launchpad: Current meta of creators launching from scratch could, and should, change. Creators on ETH confirmed our belief that a Launchpad service would be very welcomed.

  It will give the same full-service NFT minting support that launched many top SOL collections for ETH creators.

• Phase 3
  Magic Eden is in talks with the top collections on ETH to forge long-term partnerships, whether to build their custom marketplaces, work on co-marketing initiatives together, or something else entirely.