Download Magic Eden Wallet Extension | Official Website
One of the most amazing spots to mint, list, and exchange
NFTs is Magic Eden Wallet Extension. It was first made for the Solana blockchain, however it is
currently viable with Ethereum and Polygon also.
The ongoing leadership group of Magic Eden was
formed by Sidney Zhang, Jack Lu, Zhuoxun Yin, and Zhuojie Zou. The project
started in 2021 and has developed rapidly from that point forward. In July
2022, it brought $130 million up in Series B raising money at a valuation of
$1.6 billion. Furthermore, Magic
Eden Wallet runs Magic
Eden Games, a site that upholds NFT games by offering highlights like trailers
and tournament hosting.
Users should have a web3 digital currency
wallet that is viable before they can start, for example, Phantom for
Solana-based resources or MetaMask for Ethereum and Polygon-based resources.
They likewise need to have sufficient SOL, ETH, or MATIC in their wallet to
cover exchange charges.
Magic Eden Wallet provides a large selection of NFT collections, such as
DeGods, Solana Monkey Business, CryptoPunks, and Mutant Ape Yacht Club, among
many others, that are issued on the Solana, Ethereum, and Polygon blockchains.
The user can switch between the supported blockchains using the tab at the top
of the screen.
Users can use the left-hand menu to move
through the many features from the main home page. Although there are other
ways to sort, filter, or search for certain collections, the default view of
NFT collections on Solana displays them in order of popularity. Users can
search for a specific item or filter by qualities like clothing or eye form
after clicking on a particular collection.
Along with a number of other services, Magic Eden Wallet Extension main homepage shows normal secondary market NFT sales.
However, users can also post NFTs for auction or mint NFTs using its Launchpad.
1. Auctions
The purpose of the auction feature is to
bring buyers and sellers together around a price for NFTs that they can agree
on.
This function helps independent digital
artists set more appropriate prices for their creations and show social proof
of the excitement around a particular release. The left-hand menu provides
access to a list of current auctions. The auctions take place in real time.
2. Launchpad
The Magic Eden Launchpad is the NFT
creating location for projects.
Magic Eden Wallet provides creators who list on the Launchpad with a wide
range of help, including long-term marketing and promotion, which significantly
raises a collection's visibility. However, Magic Eden Extension only includes projects that it believes
are of the highest caliber, therefore the Launchpad selection process is hard.
3. Whitelisting
Users can apply to be approved as
participants in an upcoming mint and to be placed on the whitelist for upcoming
projects by using the Lists function, which is also available from the menu on
the left.
The function displays a list of
collections, available spaces, mint dates, and social media links. The user is
invited to connect the appropriate social media accounts and cryptocurrency
wallet when they click "Register" on any particular collection. They
will also see a list of requirements.
4. Fees and vetting
There is no listing charge on Magic Eden Wallet Extension; however, buy and sell transactions have a 1.5%
taker fee (which can be waived depending on a user's reward level, which is
based on how much they trade). Because Magic Eden maintains a strict quality
assurance policy on its platform, every listing needs to go through a screening
procedure. All of the choices for creators or sellers who want to utilize Magic Eden Wallet Extension to list for secondary sales, auctions, or
mints on the Launchpad are located under the "Creators"
button on the left-hand menu.
Additionally, Magic Eden gives customers the choice of paying royalties to the project owners or not. When purchasing an NFT, buyers can choose to pay the full, half, or no royalties.
1. Google Chrome
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Go to the Chrome Web Store and open it.
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Look for "Magic
Eden Wallet" or the right
extension you want to use using the search box.
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In the search results, select the Magic Eden Wallet extension.
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On the "Add to
Chrome" button, click.
§
Verify the permissions and prompts that show up.
2.
Mozilla Firefox
§
Go to the Firefox Add-ons page and open it.
§
Look up "Magic
Eden Wallet" or choose the
appropriate extension.
§
Select the Magic
Eden Wallet extension from
the list of search results.
§
Select "Add to
Firefox" from the menu.
§
Examine any prompts or permissions that show up.
3. Brave
§
Click between the Chrome Web Store or the Brave Web Store link to
open them.
§
To locate "Magic
Eden Wallet" or the
particular extension, use the search bar.
§
From the list of search results, select the extension.
§
Select "Add to
Brave" or "Add to Chrome"
from the menu.
§
Validate any prompts or permissions that pop up.
At just 1.5%, Magic Eden has extremely
cheap transaction costs. Magic
Eden Wallet Extension is a
preferred option for NFT traders because of its reduced rate compared to some
of its competitors, including OpenSea, which charges 2.5%.
In comparison to many of its competitors,
the project boasts a well-designed user interface with a wider range of
services, including the gaming platform and auctions. There is less chance of
running into fraud or low-quality projects on this site compared to competitors
who don't follow the same stringent verification procedures for creators and
listings.
The Magic Eden Wallet Extension has become an influential force in the world of digital
banking. Its innovative blockchain technology, intuitive user interface, and
strong security features all work together to transform the way users manage
digital assets. Magic Eden prioritizes accessibility so that people may
confidently traverse the complicated world of cryptocurrency.
The wallet is committed to creating a
genuinely borderless financial landscape, which is shown by its commitment to
decentralization and privacy. Being a leader in innovation, Magic Eden not only
makes transactions easier but also fosters a community where people can learn
more about the endless potential of blockchain technology. The Magic Eden Wallet Extension is essentially a monument to the promise
of decentralized finance in the future.