Magic Eden Pronounces Integration with Polygon for Web3 Gaming

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Fast take:

The Polygon integration will assist a line-up of launches from world-class video games builders.These embody BORA, Block Video games, IntellaX, nWay and extra.The Polygon community is dwelling to among the largest Web3 gaming tasks and publishers.

Magic Eden in the present day introduced plans to combine with the Polygon community, permitting {the marketplace} to work with strategic IP homeowners, world-class video games builders, and rising creators from the Polygon ecosystem.

This information comes shortly after Magic Eden launched Magic Ventures, a brand new fund that can deal with investing in promising blockchain video games and gaming infrastructure. It additionally launched its inner gaming division, Eden Video games in July, because the platform expands into blockchain gaming.

The Polygon community is dwelling to among the largest Web3 gaming tasks and publishers, together with Ubisoft, Atari, Animoca, Decentraland, Somnium Area, Sandbox, and others. Magic Eden’s integration with Polygon will assist a line-up of launches from world-class video games builders together with Kakao Video games-backed BORA, Block Video games, IntellaX, nWay, Boomland, Planet Mojo, and Taunt Battleworld.

“Our growth to Polygon is absolutely thrilling for 2 causes: first, we’ve all the time envisioned a cross-chain future for Magic Eden, and this brings us nearer to uniting a broader viewers who love NFTs. Second, given Polygon’s recognition amongst sport builders as a low-cost EVM-compatible chain, integrating Polygon will proceed to cement Magic Eden because the go-to web3 gaming platform,”  mentioned Zhuoxun Yin, Co-Founder and COO of Magic Eden. “Recreation builders will now have the best optionality on Magic Eden; we are able to make investments, launch collections, energy in-game exercise and drive consumer acquisition for builders constructing on Polygon with Magic Eden.” 

Principally referred to as the main market for Solana NFTs, Magic Eden has since develop into a multi-chain platform because it expanded to the Ethereum blockchain in August. The multi-chain growth to Polygon comes because the Solana blockchain is going through an unsure future as the worth of its native token, SOL, has plummeted over 50% after one of many blockchain’s largest backers, FTX, collapsed in latest weeks.

Magic Eden’s integration on Polygon will first deal with offering instruments for creators, together with a MATIC-enabled (Polygon’s native token) Launchpad and Market debuting earlier than the tip of the yr.

“Within the brief time that it has come to market, Magic Eden has develop into recognized for its capability to ship new product options and tackle ache factors felt on the creator and collector aspect. Magic Eden has additionally confirmed it listens to sport developer wants and we’re thrilled to have them work carefully with Polygon’s gaming companions in an effort to assist the expansion of the NFT gaming ecosystem,” mentioned Sandeep Nailwal, co-founder of Polygon.

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