Magic Eden Launches Bitcoin Marketplace for Digital Artifacts

After a recent expansion to Ethereum and Polyon, Magic Plan continues cross-chain efforts with launch of digital artifact marketplace for Bitcoin ecosystem

SAN FRANCISCO, March 21, 2023 /PRNewswire/ — Magic Eden (“The Company”), the leading cross-chain NFT platform, today announced the launch of a Bitcoin marketplace for digital artifacts. As the only fully audited marketplace in Bitcoin Ordinal’s ecosystem to date, it will have an industry-leading user experience and interface that provides collectors with a familiar trading experience.

With over 400,000 inscriptions – or digital artifacts – created on Bitcoin, the ecosystem has become the latest destination for collectors to explore digital art. Ranging from images to audio clips, these digital artifacts are securely inscribed on the blockchain and linked to the smallest unit, a Satoshi. Infrastructure is currently being built to support Bitcoin Inscriptions, with wallets and explorers developing support daily.

Magic Edens Bitcoin Marketplace is the only fully audited platform in the ecosystem and is completely permissionless, making it a safe option for trading. Two non-custodial wallets, Hiro and Xverse, will be integrated to allow users to process transactions that mimic a The Phantom– similar experience, with efficient listing, delisting, buying, selling and facilitating transactions.

At launch, Magic Eden will partner with 13 leading collections, including Taproot Wizards, Inscribed Pepes and Bitcoin Bandits. Collections on the Marketplace will be subject to exemplar filtering, allowing collectors to view artifact information, including ordinal rarity, age, name, inscription number, and more. As the marketplace matures, the team plans to continue updating the platform to create a more advanced and fleshed-out experience.

Jack LuCEO and co-founder of Magic Edencommented on today’s news: “Adding a Bitcoin Marketplace is very exciting for our team considering it is the granddaddy of all blockchains and we are all passionate about blockchain. Bitcoin Ordinals bring a whole new dimension to the universe of NFTs. On Bitcoin, not all media uploaded to the chain can be changed or removed. This simplicity is embraced by many creators who want to create true collectibles that are written into the chain. We’re excited to bring our winning user experience to the marketplace that we’ve developed over the past year and a half Bitcoin.”

Since Magic Eden’s market entry in 2021, the company has supported the NFT communities at Solana, Ethereum, and Polygon with the most user-friendly experience for both collectors and traders. With analytical features and a loyalty program to provide users with key benefits such as lower marketplace fees, the platform has held a unique place in the market. The Launchpad offering is also trusted by hundreds of creators to bring their collections to life and grow their communities through marketing and marketing strategy support.

About Magic Eden
Magic Eden is the leading cross-chain NFT platform powering the next billion users of Web3. Led by former crypto, technology and hospitality leaders, Magic Eden is building an easy-to-use platform powered by market-leading coin and commerce solutions. Magic Eden brings dynamic cultural moments into the blockchain, empowering users in thousands of digital communities to create, discover and collect unique NFTs. For more information, please visitwww.magiceden.io.

Media contact
Dillon Arace
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SOURCE Magic Eden