Magic Eden Plans to Build an ApeCoin NFT Marketplace

August 11

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Magic Eden only announced its entry into the Ethereum market one week ago, and it is already looking to serve the best-known community in the space. Magic Eden today unveiled a proposal to build a Bored Ape Yacht Club marketplace for the ApeCoin (APE) community. The proposed marketplace would be a place for members of the community to buy, sell, and trade virtual assets and experiences using apecoin. Magic Eden believes that this would help to increase the adoption of apecoin and Ethereum by providing a use case for the currency. The team is currently working on a prototype of the marketplace, and they hope to launch it sometime in the next few months. Until then, they are inviting members of the community to provide feedback on the proposal.

Magic Eden is a Solana NFT marketplace that offers users a wide variety of digital assets to trade, including art, gaming items, and more. Since its launch last fall, Magic Eden has become the dominant player in the Solana NFT market, thanks to its user-friendly platform and growing selection of assets. If you’re looking to get involved in the exciting world of Solana NFTs, Magic Eden is the perfect place to start.

According to Magic Eden’s pitch, users can use ETH and ApeCoin to bid on NFTs, as well as get a discount for buying with APE. OpenSea (2.5%), a leading Ethereum NFT marketplace, charges a higher sellers’ fee than Magic Eden’s own marketplace (2%).

Magic Eden’s content and marketing head, Tiffany Huang, said, “We were inspired by the immense respect we have for the BAYC community and Yuga Labs’ IP communities. In our pitch, we aim to bring a strong value offer to the ApeCoin DAO community in the form of product development, community support, and general Ape culture integration.”

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About the author 

lourdes

Lourdes is an International creative strategist & content creator. She has curated content for the fashion, travel & hospitality industry for over 12 years.