Magic Eden Introduces High-Value NFTs Trade Factor
Magic Eden, a decentralized platform for peer-to-peer trading of non-fungible tokens, has launched a new feature called “VIP” on its dashboard. This exclusive program allows users to trade high-value NFTs, enabling crypto investors and NFT collectors to buy and sell these digital collectibles under one part. Magic Eden’s goal is to become the leading marketplace in the nascent NFT sector.
The NFT marketplace, Magic Eden Games, has experienced rapid growth, raising $130 million in Series B funding in July 2022, with a valuation of $1.6 billion. The platform supports NFT games with trailers and tournament hosting.
Magic Eden VIP is an invite-only NFT program for top collectors seeking personalized, cross-chain digital collectible shopping experiences. It offers three offerings, including “Appraisal,” to help users determine the value of their collectible targets.
The NFT feature will offer “Procurement,” allowing users to acquire high-value digital collectibles, saving time and effort in curating their collection, and “Discovery,” allowing users to discover upcoming NFT artists and procure their favorite drops.
(With inputs from Shikha Singh)
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