[{"data":1,"prerenderedAt":326},["ShallowReactive",2],{"api/learn-center-post-en-GB-what-is-magic-eden":3,"en-gb/learn/web3/what-is-magic-eden-en-GB-seo":57,"footer-en-GB":62,"navigation-en-GB-learn-center":235,"api/learn-categories-en-GB":286},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is Magic Eden?","What is Magic Eden? - Bitstamp Learn Center","What is Magic Eden? Why is it the most popular Solana NFT marketplace? - Learn more on the Bitstamp Learn Center",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/What_is_Magic_Eden_png_e2be6fa901_29435a9ba5.png","image/png",".png",1920,1080,"What_is_Magic_Eden_png_e2be6fa901.png","",[],[20,23,26],{"pathname":21,"locale":22},"/learn/web3/what-is-magic-eden/","en",{"pathname":24,"locale":25},"/es/learn/web3/what-is-magic-eden/","es",{"pathname":27,"locale":28},"/en-gb/learn/web3/what-is-magic-eden/","en-GB",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/web3/","Web3",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-magic-eden",false,"\u003Cp>Magic Eden is a decentralized marketplace for peer-to-peer trading of non-fungible tokens (NFTs).\u003C/p>\n",{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":44,"width":45,"align":46},"\u003Cp>Magic Eden is a decentralized marketplace for peer-to-peer trading of non-fungible tokens (NFTs).\u003C/p>\n\u003Cp>Magic Eden is a leading trading platform for users to mint, list, and trade \u003Ca href=\"/en-gb/learn/web3/what-are-nfts-non-fungible-tokens/\">NFTs\u003C/a>. Initially developed for the Solana blockchain, it has since expanded its offering to include support for Ethereum and Polygon.\u003C/p>\n\u003Cp>Magic Eden was founded by Sidney Zhang, Jack Lu, Zhuoxun Yin, and Zhuojie Zou, who now make up the project’s leadership team. Since launching in 2021, the project has undergone rapid growth, raising $130 million in Series B funding in July 2022 with a valuation of $1.6 billion. Magic Eden also operates Magic Eden Games, a platform dedicated to supporting NFT games with features such as trailers and tournament hosting.\u003C/p>\n\u003Cp>Users can access Magic Eden via a web interface, cryptocurrency app or through their native iOS app. To get started, users must also have a compatible web3 cryptocurrency wallet, such as Phantom for Solana-based assets or \u003Ca href=\"/en-gb/learn/web3/what-is-metamask/\">MetaMask\u003C/a> for \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> and Polygon-based assets, as well as a balance of SOL, ETH, or MATIC to pay transaction fees.\u003C/p>\n\u003Cp>Since its launch, Magic Eden has grown to become one of the largest NFT marketplaces by trading volume, at times outpacing its biggest rival, \u003Ca href=\"/en-gb/learn/web3/what-is-opensea/\">OpenSea\u003C/a>.\u003C/p>\n\u003Ch2>Features and functions of Magic Eden\u003C/h2>\n\u003Cp>Magic Eden offers a wide array of NFT collections issued on the \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-solana-sol/\">Solana\u003C/a>, \u003Ca href=\"/en-gb/learn/web3/what-are-ethereum-nfts/\">Ethereum\u003C/a>, and \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-polygon-matic/\">Polygon\u003C/a> blockchains, including \u003Ca href=\"/en-gb/learn/web3/what-is-degods/\">DeGods\u003C/a>, Solana Monkey Business, \u003Ca href=\"/en-gb/learn/web3/what-are-cryptopunks/\">CryptoPunks\u003C/a>, and \u003Ca href=\"/en-gb/learn/web3/what-is-the-bored-ape-yacht-club-bayc/\">Mutant Ape Yacht Club\u003C/a>, among many others. The tab on the top of the screen allows the user to toggle between the supported blockchains.\u003C/p>\n\u003Cp>From the main home page, users can navigate the various features using the left-hand menu. The default view shows NFT collections on Solana ranked by order of popularity, but there are various options to sort, filter, or search for specific collections. After clicking into a particular collection, users can search for a specific item or filter by attributes such as clothing or eye shape.\u003C/p>\n\u003Cp>The main homepage lists standard secondary market NFT sales, but Magic Eden also allows users to list NFTs for auction or mint NFTs via its Launchpad along with several other features.\u003C/p>\n\u003Ch3>Auctions\u003C/h3>\n\u003Cp>The auction feature is designed for buyers and sellers to convene around a mutually agreeable price for NFTs.\u003C/p>\n\u003Cp>This feature is targeted towards independent digital artists to price their work more accurately and provide social proof of the interest around a given drop. The auctions are run as real-time events, and a list of open auctions is available from the left-hand menu.\u003C/p>\n\u003Ch3>Launchpad\u003C/h3>\n\u003Cp>The Magic Eden Launchpad is where projects can mint NFTs.\u003C/p>\n\u003Cp>Magic Eden offers extensive support to creators listing on the Launchpad, including long-term marketing and promotion, which substantially increases the exposure of a collection. However, the Launchpad selection process is rigorous as Magic Eden only lists projects it deems to be of high quality.\u003C/p>\n\u003Ch3>Whitelisting\u003C/h3>\n\u003Cp>The Lists feature, also accessible from the left-hand menu, allows users to apply for whitelisting for upcoming projects and become an approved participant for an upcoming mint.\u003C/p>\n\u003Cp>The feature shows a list of collections, along with social links, mint dates, and available slots. When the user clicks “Register” on any given collection, they will see the list of requirements, along with an invitation to connect the relevant social accounts and crypto wallet.\u003C/p>\n\u003Ch3>Gaming\u003C/h3>\n\u003Cp>Magic Eden Games is the gaming platform launched by the project in March 2022, hosting titles including Genopets and \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-the-sandbox-sand/\">The Sandbox\u003C/a>. From the main Games homepage (accessible from the left menu in the Magic Eden interface), users can explore games, watch trailers, and view and purchase in-game NFTs. Magic Eden Games also hosts tournaments via its Discord channel.\u003C/p>\n\u003Ch3>MagicDAO\u003C/h3>\n\u003Cp>Magic Eden sells “Magic tickets,” which are NFTs representing a stake in the Magic Eden \u003Ca href=\"/en-gb/learn/crypto-101/what-are-decentralized-autonomous-organizations-dao/\">DAO\u003C/a>, dubbed MagicDAO. The project distributed an allocation of Magic tickets to wallets that had previously interacted with Magic Eden in an airdrop in February 2022. They are also available to buy in the MagicDAO section under “Resources” on the left-hand menu.\u003C/p>\n\u003Cp>Magic tickets entitle holders to vote in regular polls regarding the project’s governance. MagicDAO members also receive benefits such as automatic whitelisting and access to branded merchandise.\u003C/p>\n\u003Ch3>Fees and vetting\u003C/h3>\n\u003Cp>Buy and sell transactions on Magic Eden are subject to a flat 1.5% taker fee (which can be reduced based on a user's reward level, determined by their amount traded), but there is no fee for listing. Magic Eden operates a strict quality control policy on its platform, so all listings must undergo a vetting process. The “Creators” button on the left-hand menu contains all the options for creators or sellers who wish to use Magic Eden to list for secondary sales, auctions, or mints on the Launchpad.\u003C/p>\n\u003Cp>Magic Eden also incorporates the option for the buyer to choose whether to pay royalties or not to the project owners. Buyers have the choice of paying full, half, or no royalties when they purchase an NFT.\u003C/p>\n\u003Ch2>Benefits of using Magic Eden\u003C/h2>\n\u003Cp>Magic Eden offers very low transaction fees at 1.5%. This rate is lower than even the most competitive of its rivals, such as OpenSea, which charges 2.5%, making Magic Eden a popular choice among NFT traders.\u003C/p>\n\u003Cp>The project also has a well-developed user interface with a richer array of features than many of its rivals, such as auctions and the gaming platform. The strict vetting process for creators and listings means there’s a lower chance of encountering scams or low-quality projects than on rival platforms that don’t operate the same procedure.\u003C/p>\n\u003Ch2>Incidents and controversies\u003C/h2>\n\u003Cp>NFT platforms are subject to ongoing controversies regarding creator royalties, which creators generally support but some traders have objected to. When it launched, Magic Eden had been a proponent of creator fees and, in September 2022, announced the creation of a suite of tools designed to help creators protect royalties. A month later, in the face of increasing pressure from competitors that were abolishing creator fees, Magic Eden announced it would make royalties optional.\u003C/p>\n\u003Cp>In December 2022, Magic Eden appeared to change course again when it announced it was launching the Open Creator Protocol, an open-source tool that gives creators more ways to protect royalties, including giving creators the option of banning the sale of their NFTs on marketplaces that don’t support royalties.\u003C/p>\n\u003Ch2>Magic Eden essentials\u003C/h2>\n\u003Cul>\n\u003Cli>\u003Cp>Magic Eden is an NFT marketplace which supports assets issued on Solana, Ethereum, and Polygon.\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>Magic Eden offers various extra features, such as auctions and a gaming platform, in addition to its core functionality as a primary and secondary marketplace for NFT trading.\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>Low fees and the strict vetting process have helped Magic Eden’s popularity. However, the project has struggled to maintain its support for creator royalties amid competition.\u003C/p>\n\u003C/li>\n\u003C/ul>\n","full","left",{"text":17},[],[],"July 29th, 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Kingdom",{},{},{"title":195,"content":17,"items":196},"Contact",[197,202,206,210,214,218,223,228],{"noFollow":36,"isExternal":36,"name":198,"value":199,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":200,"geofencings":201},"Customer 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":224,"value":225,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":226,"geofencings":227},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":229,"value":230,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":231,"geofencings":232},"+352 20 88 10 96","+35220881096",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"items":236,"ready":33,"platformButtonText":282,"backButtonText":283,"logInButtonText":284,"signUpButtonText":285},[237,242,248,251,255,260,265,268,273,278],{"headerName":238,"sidemenuName":119,"url":239,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":240,"submenu":241,"tag":17},"Institutions","/en-gb/institutional-trading/",{},[],{"headerName":243,"sidemenuName":243,"url":244,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":245,"submenu":246,"tag":247},"Derivatives","/perpetual-futures/",{},[],"NEW",{"headerName":134,"sidemenuName":134,"url":135,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":249,"submenu":250,"tag":17},{},[],{"headerName":252,"sidemenuName":252,"url":107,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":253,"submenu":254,"tag":17},"Mobile App",{},[],{"headerName":256,"sidemenuName":256,"url":257,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":258,"submenu":259,"tag":17},"Markets","/markets/",{},[],{"headerName":261,"sidemenuName":261,"url":262,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":263,"submenu":264,"tag":17},"Earn Stake","/en-gb/crypto-staking/",{},[],{"headerName":111,"sidemenuName":111,"url":112,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":266,"submenu":267,"tag":17},{},[],{"headerName":269,"sidemenuName":269,"url":270,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":271,"submenu":272,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":274,"sidemenuName":274,"url":275,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":276,"submenu":277,"tag":17},"Learn","/learn/",{},[],{"headerName":279,"sidemenuName":279,"url":107,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":280,"submenu":281,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[287,291,295,299,303,307,311,315,319,323],{"title":288,"url":289,"geofencings":290},"Blockchain technology","/en-gb/learn/blockchain/",{},{"title":292,"url":293,"geofencings":294},"Company profiles","/en-gb/learn/company-profiles/",{},{"title":296,"url":297,"geofencings":298},"Crypto 101","/en-gb/learn/crypto-101/",{},{"title":300,"url":301,"geofencings":302},"Crypto definitions","/en-gb/learn/crypto-definitions/",{},{"title":304,"url":305,"geofencings":306},"Crypto trading","/en-gb/learn/crypto-trading/",{},{"title":308,"url":309,"geofencings":310},"Cryptocurrency guide","/en-gb/learn/cryptocurrency-guide/",{},{"title":312,"url":313,"geofencings":314},"People profiles","/en-gb/learn/people-profiles/",{},{"title":316,"url":317,"geofencings":318},"Security","/en-gb/learn/security/",{},{"title":320,"url":321,"geofencings":322},"Tutorials","/en-gb/learn/bitstamp-tutorials/",{},{"title":32,"url":324,"geofencings":325},"/en-gb/learn/web3/",{},1775562982192]