Magic Eden is an NFT marketplace that supports minting and trading on both the Ethereum and Solana blockchains. Additionally, Magic Eden offers a selection of NFT games. They had a recent 1.6 billion dollar vaulation and raised a series B funding round of $130 million. Magic Eden also has a partner project (Psychedelics Anonymous) as well as a Discord based DAO (MagicDAO). They pride themselves on a vibrant online community and a highly selective offering of NFTs.
How you make money
Trade exclusive NFTS on both the Ethereum and Solana chains and make money as the value of your assets increase. If trading isnt really your style, then try your hand at minting and make money as your digital creations becomes the next big thing.
How Magic Eden makes money
Magic Eden makes money by taking 2% of the cost of all transactions on their platform. They are widely celebrated for their fees being low and reasonable.
Is it safe?
Magic Eden’s primary risk is that it involves NFTs. NFTs are an incredibly risky asset that has attracted swaths of investors. Magic Eden has received $130 million in funding and institutional investors seem to be pretty confident in the success of the platform. In addition, Magic Eden offers low transaction fees that makes a bad trade sting a little less. They also claim to be a web3-first and community-focused enviroment which could bring price stability and consistent demand. However, no matter where you trade them, NFTs are a high-risk investment asset.