Token

Eden

Magic Eden

<p><strong>Key Points:</strong></p>   
<ul class="wp-block-list">
  
 <li><em>Magic Eden domains were introduced with magiceden.io for international users and magiceden.us for US users.</em></li>   
 <li><em>The platform faces challenges from a cooling NFT market surpassing $6 billion in total trading volume.</em></li> 
</ul>   
<h5 class="wp-block-heading">Magic Eden, one of the biggest marketplaces for NFTs, has <a href="https://x.com/MagicEden/status/1831772818008412314" target="_blank" rel="noreferrer noopener">created</a> separate domain names for its international and US-based users.</h5>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/09/image-14-8.jpg"><img src="https://coincu.com/wp-content/uploads/2024/09/image-14-8-1024x576.jpg" alt="Magic Eden Domains Launched With New Features" class="wp-image-281500"></a>
 <figcaption class="wp-element-caption"> 
 </figcaption>
</figure>   
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/279411-magic-eden-mobile-app-expands-to-token-swaps/">Magic Eden Mobile App Expands to Token Swaps with Exciting Update&nbsp;</a></p>   
<h2 class="wp-block-heading" id="magic-eden-domains-for-us-and-international-users">Magic Eden Domains for US and International Users</h2>   
<p>Per the platform, international users will now access the Magic Eden domain through magiceden.io, while US users will use magiceden.us. Magic Eden emphasized that the US domain would continue to offer familiar services while the international domain provides a foundation for expanding new features.</p>   
<p>In July, <a href="https://coincu.com/248420-magic-eden-ethereum-marketplace-live-tomorrow/" target="_blank" rel="noreferrer noopener">Magic Eden</a> teamed up with D3 Global to apply for the .magic domain name. The Magic Eden domain will enable users to operate one .magic domain on both traditional internet platforms and across Web3 apps. This means that users can operate a single domain as a website or email address and via Web3 services, including digital wallets and verified credentials.</p>   
<h2 class="wp-block-heading" id="me-token-is-unveiled-during-nft-market-slowdown">ME Token is Unveiled During NFT Market Slowdown</h2>   
<p>Magic Eden Foundation launched the highly-anticipated ME token, setting it at the heart of the platform's ecosystem. Primarily, the new token will serve to power decentralized applications for Web3 users through cross-chain trading in digital assets. This token will also be crucial for community governance in the Magic Eden DAO protocols and Runes platform.</p>   
<p>While the total trading volume on the platform has surpassed $6 billion, with Magic Eden commanding upwards of 60% in revenues from NFTs, it is not inoculated against the cooling NFT market. It had fared better compared to immediate rivals like <a href="https://coincu.com/257288-blur-is-now-on-the-blast-public-chain/" target="_blank" rel="noreferrer noopener">Blur</a> and <a href="https://coincu.com/226630-yuga-labs-and-magic-eden-collaborate/" target="_blank" rel="noreferrer noopener">Yuga Labs</a>, pulling off an all-time high in NFT trading volumes last April. However, this chilling market seems to slowly seep its way into even the biggest names in the space.</p>   
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>

Magic Eden Domains Launched With New Features

Table of Contents

Coincu

Other articles published on Sep 6, 2024

Telegram Founder Durov Breaks Silence on His Arrest in France

MetaMafia Partners with Orbler to Boost NFT Experience

Crypto Price Today: Bitcoin’s Fear and Greed Index Hits Extreme Low; What’s Next?

Monochrome confident as it files for Australia’s first ETF to hold Ether directly

India’s Financial Intelligence Unit Evaluating Offshore Crypto Exchanges for Future Operations

Aleph Zero Joins CAMARA as the First Blockchain Organization

Join our free newsletter for daily crypto updates!