Magic Eden Launches Runes Platform Ahead of Schedule

Magic Eden Continues Support for Bitcoin NFTs

Zedd Yin, Co-founder and COO at Magic Eden, explained that the platform is focusing on Bitcoin-based NFTs, saying, “As early supporters and first to build an Ordinals marketplace, it was important for us that we build the best Runes experience possible in this important evolutionary step for Bitcoin”

He took to X to praise the team behind the launch of Magic Eden Rune, acknowledging the significant effort it took for bringing their new platform online without delay. Magic Eden has been expanding into Bitcoin NFTs, seeking to capitalize on the growing interest in this segment.

A recent collaboration with the NFT project CyberKongz to launch the BTC pre-runes collection Prometheans resulted in a $4.8 million (80.7454 BTC) total volume, in under 24 hours. This has contributed to Magic Eden’s increased user base and transaction volume, putting it ahead of some major competitors.