Magic Eden Debuts New Features for Enhanced NFT Trading on Polygon

On Nov 8, 2023

To boost trading and development on Polygon, Magic Eden, a leading NFT platform, is announcing major updates. Central to the updates launched today is an aggregation tool. This tool consolidates listings from a diverse range of Polygon marketplaces, offering traders a broad, unified view of the market, complete with real-time floor prices and statistics. This practical feature aims to play an essential role in Magic Eden‘s broader initiative to streamline trading and development on the platform, making it more user-friendly and efficient.

Today we’re releasing massive updates to our Polygon platform to provide the best user experience possible🌊
We’re shipping too many features to list but here are some of our favorites:
💠Streamlined statistics & analytics
💠Aggregation
💠Profile and Collection page redesign… pic.twitter.com/b8NpQBhui3
— Magic Eden on Polygon 💜 (@MEonPolygon) November 7, 2023

Support for Polygon’s Ecosystem

In a bid to offer support to Polygon’s ecosystem, Magic Eden has incorporated a few crucial changes. Firstly, the marketplace has implemented a system for royalty enforcement. This pivotal move aims to safeguard creator fees, ensuring fair compensation for artists and creators. Secondly, the Polygon API has been made publicly accessible. This stride forward enables integration with marketplace functionalities, driving the development of NFT ecosystems.

Furthermore, Magic Eden is improving the visual user experience. The newly designed user interface is set to offer a cleaner aesthetic and faster performance. It comprises advanced filters and improved sorting options that promote a more smooth navigation experience. An additional real-time activity window provides management tools for NFT collections and user profiles. All these enhancements are designed to make the user journey as intuitive as possible.

Source Magic Eden

Future Plans

Looking ahead, Magic Eden has several features in the pipeline. The marketplace plans to introduce collection offers and multi-bidding features. Such upgrades aim to empower users to place and monitor bids on individual NFTs or entire collections within the Polygon PoS environment. These future advancements exhibit Magic Eden’s commitment to maintaining its marketplace as an active and responsive trading platform.

Jack Lu, CEO and Co-founder of Magic Eden spoke about these advancements, saying, “It’s always fun to keep the momentum going, and we’re excited for what’s next. We feel like we’re just scratching the surface for what’s possible on Polygon. We hope that by launching and opening up some of these new features, more collectors, creators, and game developers will join us and we can keep growing the Polygon ecosystem together.”

This enthusiasm was shared by Jordi Baylina of Polygon Labs, who welcomed the updates as a way to enhance innovation and community expansion within Polygon: “There is a bright and thriving community on Polygon and we are thrilled to see Magic Eden grow their presence on the chain and continue to push for innovation, improvements, and openness”.

From its inception, Magic Eden has positioned itself as a premier cross-chain NFT hub. Its continuous focus on user-friendly minting and collecting experiences has been well received, as illustrated by the fact that the platform has facilitated over $3 billion in transactions. They also recently partnered with Yuga Labs to introduce a new NFT marketplace built on the Ethereum blockchain. At the same time, Polygon Labs have stayed dedicated to developing scalable, affordable, and sustainable blockchain infrastructure. Their suite of protocols lends integral support to the burgeoning web3 landscape.