The founders of Magic Eden see the project as a land of limitless opportunity for NFT-based art and culture.
Magic Eden was the first marketplace to offer users bidding, a rarity index, and a dedicated minting platform that connects automatically to the secondary marketplace.
In addition to its role as a secondary marketplace for NFTs minted elsewhere, Magic Eden provides a number of distinctive functions.
For example, the Magic Eden Launchpad is an exclusive minting platform that currently accepts only 3% of proposed projects. Once accepted, NFT minters have access to the full exposure and wide reach of Magic Eden, with great potential for secondary trading.
Magic Eden offers its marketplace and minting engine to entrepreneurs on a white label basis. This means Magic Eden partners can create their own marketplaces or NFT-minting facilities easily.
Magic Eden is especially known as a home for secondary trading of NFTs associated with online games.