NFT Series - You Can Now Buy Bored Ape On Magic Eden NFT Marketplace
We cannot ignore the fact that despite criticism of Ethereum's high gas fees and the move to Solana, usage of the blockchain has not decreased as a result. Magic Eden is built on the Solana blockchain and it functions similarly to Opensea.
You can now buy Solana-based NFTs on Opensea because the company implemented the ability to do so on its NFT Marketplace. Although Opensea is well known for its Ethereum-based NFTs, it also accepts other blockchain tokens like WETH and DAI. This is due to the obvious gas fees issue with Ethereum. However, people are just as enthusiastic about blockchain as they are about other things. This should be part of the explanation for why the Ape token wasn't moved to its own chain, just as the bored ape NFT holders are great supporters of the Ethereum network.
However, Eden NFT MarketPlace's blockchain use is restricted to only the Solana blockchain, while Opensea has been profiting significantly from Ethereum NFTs. We also know that a portion of Opensea's success is due to the trading activities on the Bored Ape NFT collections. Everyone wants their share of the ape NFT money, and Magic Eden seems to be on the verge of getting some as it develops concepts for the Ethereum Blockchain and the bored ape NFTs.
Thus Magic Eden is attempting to integrate Ethereum-based NFTs onto its platform, enabling users to purchase Ethereum-based NFTs and extending the utility of its platform beyond Solana-based NFTs. The Apecoin NFT Market For Only Bored Ape NFTs, on the other hand, offers something special for the owners of Bored Ape NFTs, giving them access to their own market.
I suppose that the only NFT holders who are actually succeeding in the market are the bored apes. They already receive freebies and special treatment, and now they will have access to a market with reduced gas prices. The convenience of this market is that it supports both ETH and Apecoin.
However, there will be a greater discount on the Apecoin and a reduced seller's fee. Considering these benefits, there are additional reasons why consumers may think about using the market place.
https://twitter.com/Mistural1/status/1558769918216118274?s=20&t=V4dGADhGELcWr1Jrb877IA
This is a cool update on Magic Eden NFT marketplace, the truth is I haven't heard of this Nft marketplace before but I'll definitely check it out and make my digging
We've shared and upvoted your post on @crypto.defrag
Hello friend,
It is rare to come across such an educative post as yours, I can bet that you spent quality time to prepare this post.
Thank you very much for this quality post, I hope to see more of this post as I visit your blog.
#steem-on 💙
Thank you for providing such a wonderful information. Your efforts is appreciated.
Hey!!
I'm glad you came over, thanks