Magic Eden Announces 'ETH Genesis': How to Benefit From It?
As you probably know, Magic Eden has been pushing to become a cross-chain in the NFT world.
And they expand to the Ethereum network.
Magic Eden has unveiled the beta launch of its Ethereum marketplace, ETH Genesis, along with over 10 new Ethereum collections available for mint through its Launchpad.
With this move, Magic Eden is pushing forward with its cross-chain efforts, expanding its capabilities to serve creators and collectors across NFT ecosystems.
With this announcement, the platform is poised to continue its impressive growth and cement its position as a leading player in the NFT space.
The question is, what does that mean for the industry and how can early movers benefit from that?
In this article, we’ll try to answer that.
Let’s dive in!
The Launch of ETH Genesis
ETH Genesis, the name of Magic Eden’s Ethereum marketplace, is set to launch on April 6, and it aims to provide collectors with a seamless experience in minting and trading ETH NFTs efficiently.
Magic Eden’s cross-chain capabilities are expanding, and it is devoting its attention to its ETH Launchpad to become the ultimate destination for NFTs on all chains.
This is the next step in Magic Eden’s expansion within Ethereum, following its initial integration into the ecosystem last year.
The team curates the top ETH mints, providing users with a seamless experience where they can trade pieces from collections living on the most prominent blockchains, including the recent addition of Bitcoin.
Zhuoxun Yin, COO and co-founder of Magic Eden, said that the platform respects Ethereum as the largest and most established community for NFTs:
“We’ve always respected Ethereum as the largest, most established community for NFTs. We bring proven ability to partner with creators as the only NFT platform that has launched 400+ projects and raised over $120M for creators. We also have a team of shippers that can move nimbly. We think our strengths will continue to serve the growth of ETH’s NFT ecosystem. In the spirit of iteration, we’re going to start making inroads with our marketplace and dedicated launch partners and grow from there.”
Magic Eden has partnered with leading projects in the ecosystem to commemorate the ETH marketplace launch, including Hashflow, CNWAFUKU, KaijuKingz, Realm Hunter, The Space Club, McPepe’s, Blocky Doge 3.0, Freakz by Subber, Magna, ZTX, Serial Experiments Lain, and Code Name: Stardust.
For a limited time, Magic Eden will provide its partners with a “royalty boost” and share revenue from marketplace fees with the listed launchpad partners.
The platform has been introducing countless features that benefit both creators and collectors, including rewards programs for collectors and traders, advanced analytics for traders, and announcement support and Launchpad service for creators.
Over the coming months, the company plans to scale its differentiators to continue expanding into new and existing markets.
How This Will Affect the Industry?
Magic Eden’s launch of the ETH marketplace will expand its base of creators and collectors, as it aims to become the ultimate destination for NFTs on all chains.
By launching a marketplace that will respect royalties for native listings, the platform will attract creators and collectors alike, who can earn money by selling NFTs on the platform.
The platform is curating the top ETH mints for collectors, providing them with a platform where they can seamlessly mint and trade ETH NFTs efficiently.
These partnerships will provide Magic Eden’s partners with a “royalty boost” and share revenue from marketplace fees with the listed launchpad partners. The team will continue to support creators on the marketplace with royalties for all ETH NFT collections traded on native listings.
Moreover, Magic Eden is providing a “royalty boost” for its partners and sharing revenue from marketplace fees with the listed Launchpad partners for a limited time.
This is a win-win situation for both creators and collectors, as it incentivizes more creators to participate in the platform while providing collectors with more high-quality NFTs to choose from.
How to Benefit From Magic Eden’s Launch of ETH Genesis?
First, the collections launched on this marketplace will certainly create hype inside the NFT ecosystem.
And of course, being early crucial to make money on NFTs. That’s why following announcements and news becomes more important. Especially for the first projects on ETH Genesis.
Here’s a link to the Twitter page to follow the latest news: https://twitter.com/MEonEthereum
Usually, when Bitcoin rallies fastly -just like the past month- NFTs will react first compare to the altcoins. This is a bullish scenario for the projects that launch on ETH Genesis.
Besides that, Magic Eden has a huge community and followers. This will allow ETH Genesis projects to be better in terms of marketing capabilities.
Here are the 10+ ETH Genesis partners who will launch w/ us throughout April:
The launch of Magic Eden’s Ethereum marketplace, ETH Genesis, and over 10 new Ethereum collections available for mint is a significant step towards the platform’s goal of becoming the ultimate destination for NFTs on all chains.
As the largest and most established community for NFTs, Ethereum offers a vast pool of creators and collectors, and Magic Eden’s expansion into this ecosystem is poised to cement its position as a leading player in the NFT space.
Being early to the hype surrounding the collections launched on this marketplace is crucial to making money in the NFT market.
Following announcements and news becomes more important, especially for the first projects on ETH Genesis.
As Bitcoin rallies, NFTs tend to react first compared to altcoins, creating a bullish scenario for the projects that launch on ETH Genesis.
With Magic Eden’s large community and followers, ETH Genesis projects will have better marketing capabilities, providing them with an edge in the highly competitive NFT market.
Early movers can benefit from being a part of the ETH Genesis launch and take advantage of the “royalty boost” and revenue-sharing program.
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