Magic Eden

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About Magic Eden

Launched in 2021, Magic Eden is still the most popular NFT marketplace on the Solana blockchain.

Magic Eden is available for both the launch of new NFTs through its Launchpad and secondary market trading. While the secondary market continues to be the most popular feature, recent releases have gained traction.

Magic Eden fees are widely hailed for being fair and reasonable. Its marketplace funds operations through a modest 2% transaction fee. Listing tokens on the site is free, and there’s no additional fee for making a bid.

Blockchain

Bitcoin
Ethereum
Polygon
Solana

FAQs

What is Magic Eden?

Magic Eden is the most popular NFT marketplace on Solana.

Who founded Magic Eden?

Magic Eden was founded by Jack Lu, Sidney Zhang, Zhuoxun Yin, and Zhoujie Zhou.

When was Magic Eden launched?

Magic Eden was launched in 2021.

Who's the current CEO of Magic Eden?

The current CEO of Magic Eden is Jack Lu.

Which blockchains does Magic Eden support?

Magic Eden currently supports multiple blockchains, including Solana, Polygon, Ethereum, and Bitcoin.

Which crypto wallets are supported on Magic Eden?

Despite its native crypto wallet, Magic Eden Wallet, the platform also supports Leather, Xverse, Hiro Wallet, OKX, TokenPocket, MetaMask, Phantom, WalletConnect, Coinbase Wallet, Exodus, Solflare, Backpack, Glow, Brave, Torus, Spot, Slope, Bitkeep, Ledger,

What are the commission fees on Magic Eden?

Magic Eden takes 2% on all transactions.

How do royalties work on Magic Eden?

Magic Eden provides an optional royalty model for users. This optional feature allows buyers to decide the percentage they want to pay to creators when acquiring items on the marketplace. Buyers can choose between three options: a full (100%) royalty, half (50%) royalty, or no (0%) royalty.