By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: A Hitchhiker’s Guide to Magic Eden: How to Buy & Sell NFTs
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > NFT Review > A Hitchhiker’s Guide to Magic Eden: How to Buy & Sell NFTs
NFT Review

A Hitchhiker’s Guide to Magic Eden: How to Buy & Sell NFTs

Editorial
Posted Editorial June 19, 2022 636 Views 9 Min Read
Updated 2022/12/29 at 5:56 PM
Magic Eden NFT Marketplace, Magic Eden, Magic Eden nft, magic eden launchpad, solana
SHARE

Magic Eden is an emerging NFT marketplace where all Solana NFTs are minted. According to CoinMarketCap, the platform ranks no. 2 in terms of its 30-day trading volume, making it the second most popular NFT marketplace in the world. Here’s everything you need to know about the Magic Eden NFT marketplace.

Contents
Magic Eden NFT Marketplace: The New NFT worldMagic Eden’s Founders and TeamMagic Eden: Features & ToolsEden Magic LaunchpadTop 3 NFT collections on Eden Magic1: Tripping Ape Tribe2: Okay Bears3: Just ApeHow to buy Solana NFTs on Magic Eden?Final words

NFTs or non-fungible tokens have now become a million-dollar industry. Almost every digital artist, illustrator, and content creator is looking for ways to break into the industry to showcase their talent and build their careers.

During this time, many blockchain networks are giving platforms to empower creators and their digital collectibles. Among those, Solana’s NFT marketplace stands out as the leading trading platform.

Solana is a high-performance blockchain that provides scalability and user-friendly apps for the world. It is built to empower creators and developers in the Web3 space through various tools and services.

Solana is one of the fastest-growing ecosystems in crypto with a wide range of projects in DeFi, Web3, and more. Its NFT marketplace ranks top among various marketplaces around the world.

Magic Eden NFT Marketplace: The New NFT world

Magic Eden is a Solana-based decentralized NFT marketplace that allows users to buy, sell, or trade NFTs. It is a platform where people can collect digital collectibles and gaming assets from a wide range of NFT creators.

Magic Eden is Solana’s leading NFT trading platform with over 90% market share on secondary sales. It features exclusive NFTs from well-known creators and supports new and emerging creators as well.

Based on DappRadar data, Magic Eden has recorded over $214 million in trading volume in the last 30 days with over 250,000 users. The all-time trading volume is over $1.44 billion at the time of writing.

Within a year of its launch, Magic Eden has become a rivaling NFT marketplace against OpenSea. In fact, many sources report that Magic Eden recorded better trading volume compared to OpenSea during the crypto winter.

Magic Eden’s Founders and Team

The success of the Magic Eden NFT marketplace comes from its perfect team. The marketplace was founded by ​​CTO Sidney Zhang, CEO Jack Lu, COO Zhuoxun Yin, and Chief Engineer Zhuojie Zhou in 2021.

The founding team comprises some of the best professionals who have worked with big companies like Uber, Facebook, Google, FTX, and Coinbase. Their background experience and extensive knowledge in Web3 and NFTs give them an upper hand in managing Eden Magic as an NFT marketplace.

When asked about the secret to the success of Eden Magic, Tiffany Huang, Magic Eden’s Head of Marketing and Content said, “I think the success is really due to the chemistry of the team. We’re nobodies. Like none of us is famous. We’re a bunch of 30, 31-year-olds. And it’s very egalitarian.”

Magic Eden: Features & Tools

Magic Eden, Magic Eden nft, Magic Eden nft marketplace, magic eden launchpad, solana

Magic Eden NFT marketplace is built with the aim to facilitate users in buying their favorite or valuable NFTs without any complications. The trading platform offers various features and tools that users can use to navigate through the NFT collections.

There are mainly four sections within the website: New collections, Popular collections, Drop calendar, and Auctions. In New collections, you can view all the latest NFT drops that went live for sale. In Popular collections, you can see the top-ranking NFT collection based on their trading volume, you can arrange the popularity view by clicking on 24h, 7D, or 30-days.

Other features include filtering attributes; you can search for NFTs based on certain attributes like mouth, face, eyes, background, clothes, etc., or you filter out based on prices and status.

Furthermore, within each collection, there are separate tabs, Items, Auctions, Activity, and Analytics which can help you understand how popular or active the NFT collection is on the platform.

Eden Magic Launchpad

Magic Eden Launchpad, Magic Eden, Magic Eden nft, Magic Eden nft marketplace, solana

For NFT artists and creators, Solana has introduced the Eden Magic Launchpad on the NFT marketplace. It is an exclusive minting launchpad that facilitates creators to mint their NFTs safely on the platform.

The launchpad is designed with an automatic distribution system that ensures a creator’s artwork is rightfully displayed on the NFT marketplace. This takes away creators’ worries about distribution and marketing due to the built-in support that no marketplace has ever offered.

Top 3 NFT collections on Eden Magic

Eden Magic NFT marketplace is well-known for featuring some of the exclusive Solana NFTs that are worth thousands of dollars. Some of the best NFT collections available on the platform are as follows:

1: Tripping Ape Tribe

Tripping Ape Tribe, Tripping Ape Tribe nft, tripping ape tribe magic eden, magic eden, magic eden nft

Tripping Ape Tribe is a Solana-based NFT collection of 10,000 Apes originally designed as PFP avatars. It is a community-based project backed by storytelling and long-term utility.

Currently, Tripping Ape Tribe is sold at a floor price of $17.50 SOL (529 USD) with a total trading volume of $458k SOL (13,892,952 USD). Based on a 30-day volume, Tripping Ape Tribe ranks no. 1 among Magic Eden’s popular collections.

2: Okay Bears

Okay Bears NFT, Okay Bears, Okay Bears NFT marketplace, Okay Bears magic eden, magic eden, magic eden nft

A name well-known to all, Okay Bears is the first-ever Solana NFT project that made history with its high all-time trading volume. It is an NFT collection of 10,000 bears, each having uniquely distributed traits. “Okay Bears is a culture shift.”

As of now, the floor price of Okay Bears is 94 SOL ($2,845) with an all-time trading volume of 1M SOL, which is around $54M.

3: Just Ape

Just Ape NFT, Just Ape NFT solana, Just Ape NFT marketplace, Just Ape, Just Ape magic eden, magic eden, magic eden nft

Just Ape is an NFT collection of 10,000 apes with distinctive features which follows the tagline “Back to basics.” Just ape is designed to build a community of leading developers, creators, and contributors to the Web3 industry.

Just Ape is currently at a floor price of 6.10 SOL (184 USD) with a 161,732.65 SOL (4.8M USD) trading volume.

How to buy Solana NFTs on Magic Eden?

Now that you know everything about the Magic Eden NFT marketplace, you might be interested in buying some Solana NFTs through the platform. Compared to OpenSea, Solana prices are more affordable and many buyers prefer this marketplace due to its high scalability and secure environment.

If you have decided to buy a Solana NFT through Magic Eden, here is how you can do it:

  • Go to magiceden.io 
  • Click on Connect wallet at the top right of your screen. Note that, Magic Eden requires its users to have a Solana wallet such as Phantom, Solflare, or Sollet.
  • After connecting your wallet, you need to have funds in $SOL. Go to exchange and convert your currency into SOL.
  • Now you are ready to buy your favorite NFTs. Browse through the hundreds of available Solana NFTs.
  • After selecting your favorite, click on Buy Now or you can also click on Make an Offer for a better-listed price.

After the transaction is complete, you will receive your desired NFT in your crypto wallet.

Final words

Magic Eden is one of the best NFT marketplaces to buy your favorite digital collectibles. The team has partnered up with various artists and creators to launch exclusive collections into the marketplace. 

Based on current trends and trading volume, there’s no doubt in saying that Magic Eden is the top 3 best NFT marketplaces in the world. 

For more information on Magic Eden visit the official website or follow @MagicEden on Twitter.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article world of women, NFT, wow NFT, World of Women NFT, World of Women x The Fabricant collection, Fabricant, The Fabricant, The Fabricant NFT, The Fabricant Studio, digital fashion NFT, Fabricant Studio, Fabricant Studio NFT, Fabricant NFT, The Fabricant collection World of Women x The Fabricant introduces digital 3D fashion NFT collection
Next Article liquidate, Celsius liquidate, Celsius Network, Celsius, Celsius Network halt services, Babel Finance, Babel Finance Network halt services, Three Arrows Capital, crypto, crypto cash FTX, Deribit, and BitMEX liquidate from Three Arrows Capital, Babel and Celsius halt withdrawals
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWS EXCHANGES News WEB3 March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
DeFi protocol DefiLlama has resolved its internal conflicts
CRYPTOPEDIA News WEB3 March 21, 2023
Crypto Fear and Greed Index has reached its highest level
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWS News March 21, 2023
Join us
Ad imageAd image

You Might also Like

How to Find the Right Web3 Community
GuideNFT Review

A Guide to Finding the Best Web3 Communities in 2023

January 9, 2023
Migos Takeoff NFT A Journey of Apes in Space
NFT Review

Migos’ Takeoff NFT Debut Drop “Apes in Space” Makes History

November 5, 2022
Clock NFT Artist Pak honors WikiLeaks Julian Assange 1
NFT Review

Clock NFT: Artist Pak Support for Julian Assange

November 4, 2022
CryptoPunks Ethereums first PFP NFT collection
NFT Review

What are CryptoPunks NFT? Should You Invest Your Money In It?

November 4, 2022
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?