Eden

Bitcoin

Phantom

<div class="cryptonews">
 <p class="is-style-lead">Magic Eden is gearing up for the launch of its multi-chain wallet launch, designed to address the fragmentation in the non-fungible token (NFT) and crypto markets.</p>
 <p>The goal is to provide a more seamless experience for users across different blockchain networks.</p>
 <h2 class="wp-block-heading" id="magic-eden-cross-chain-interactions">Magic Eden cross-chain interactions</h2>
 <p>In a recent post on the X platform, Magic Eden, an NFT marketplace, shared a teaser video with an accompanying text suggesting the launch of its multi-chain wallet on Jan. 29th.</p>
 <p>In November 2023, Magic Eden announced the release of a <a rel="noopener noreferrer nofollow" title="multi-chain" href="https://thebittimes.com/tag/multi-chain.html">multi-chain</a> compatible crypto <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> browser extension, intending to simplify user interactions across various blockchains.</p>
 <p>As stated by CEO and co-founder Jack Lu, this initiative aims to foster a multi-chain environment for NFTs, tackling the existing fragmentation and complexity in handling digital assets across diverse blockchains.</p>
 <p>The launch of this wallet goes beyond the convenience of managing multiple assets in one interface. It presents the potential for increased liquidity.&nbsp;</p>
 <p>Unlike the usual practice of NFT enthusiasts using multiple <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s for different blockchains, this innovative <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> from Magic Eden will allow users to manage assets from Bitcoin, Ethereum, Solana, and Polygon all in one place, streamlining the user experience.</p>
 <p>The bet is that it will reduce confusion, provide users with convenience and enhance connectivity across diverse digital asset markets.</p>
 <p>This wallet’s noteworthy feature also includes self-custody, necessitating users to independently manage their seed phrases.</p>
 <p>The launch may open up opportunities for collaborations and cross-chain interactions, making it easier for creators and collectors to explore and invest in NFTs from various ecosystems.</p>
 <p>Having originated on Solana, Magic Eden has experienced a rising presence in trading on the Bitcoin network, especially with the introduction of Ordinals.</p>
 <p>In the current month, Bitcoin NFTs have constituted a significant two-thirds of the marketplace’s overall volume.</p>
 <p>Additionally, the wallet could establish a new standard for security and efficiency in NFT transactions, given Magic Eden’s reputation for innovation and user satisfaction, It is expected that the multi-chain wallet will incorporate the latest security measures and feature an intuitive user interface.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Monday. pic.twitter.com/npXjnSB6ZR</p>— Magic Eden (@MagicEden) January 26, 2024
   </blockquote>
  </div>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Magic Eden launches bitcoin ordinals NFT marketplace
 </div>
 <p></p>
 <h2 class="wp-block-heading" id="magic-eden-adds-brc-20-token-support">Magic Eden adds BRC-20 token support</h2>
 <p>Last June, Magic Eden announced the <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of BRC-20 tokens. To buy and collect BRC-20 tokens, users need a Bitcoin Taproot-enabled <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> such as Xverse Wallet.</p>
 <p>Users can then buy, sell, deploy, and mint their own BRC-20 tokens on Magic Eden.</p>
 <p>The platform has been designed to provide a seamless experience for NFT holders, allowing them to trade and collect across multiple chains with ease.</p>
 <p>Introduced by the enigmatic developer Domo in March 2023, BRC-20 tokens emerged as a novel inclusion in the Bitcoin (BTC) landscape.</p>
 <p>They enable the creation and transfer of fungible tokens through the Ordinals protocol on the Bitcoin (BTC) blockchain.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin and Ordinals now supported by Solana’s Phantom wallet
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/magic-eden-set-to-launch-its-multi-chain-wallet-tbt77979.html">https://thebittimes.com/magic-eden-set-to-launch-its-multi-chain-wallet-tbt77979.html</a></p>

Magic Eden set to launch its multi-chain wallet

Table of Contents

TheBitTimes

Other articles published on Jan 27, 2024

High Volatility Predicted for Coinbase Shares Amid Legal Uncertainties

Bitcoin Price Jumps 5% In Catch-Up To Equities, $43,000 In Sight

Sony’s PlayStation 5: A Year of Stellar First-Party Expansions

OpenAI Slashes Prices and Launches GPT4 Turbo

Market Volatility: Predictions for Coinbase Shares and Bitcoin Prices

Best Performing Cryptocurrency Poised to Double Investments

Join our free newsletter for daily crypto updates!