NFT – Page 2

Azuki NFTs Explained (Read Before Buying)

Posted on January 6, 2023January 4, 2023 by Andrew Amarosa

Azuki is a collection of 10,000 avatar NFTs inspired by anime artwork. The collection works like most profile picture NFTs (PFP NFTs,) utilizing a randomized selection of traits to create each unique character.

Released in January 2022, Azuki had one of the most successful NFT launches, selling out on OpenSea and LooksRare in just three minutes. During its release, Azuki generated an estimated $29 million and caught the attention of the entire NFT market.

In this article, we’ll look at what Azuki is, how it works, what are Azuki’s Beanz, how to buy an Azuki NFT, Azuki Controversy, and the project’s future.

What is Azuki?

Azuki is a PFP NFT project consisting of 10,000 generative anime-inspired avatars. Its unique aesthetic has been compared to a combination of the 3D game The World Ends with You and the skateboarding magazine Thrasher.

Azuki was initially planned to be launched using a Dutch Auction (where a set starting price is made and decreases throughout the sale.) The dev team planned to set a starting price of 1 ETH for 8,700 NFTs (1300 were whitelisted) and decrease this by 0.05 ETH every 20 minutes until its price hit 0.15 ETH. However, as the collection sold out in three minutes, it never decreased in price. Instead, all NFTs were minted at 1 ETH- around $3246.

Post-launch, the value of Azuki increased exponentially, with Azuki hitting almost $300 million in transaction volume across NFT marketplaces like OpenSea. Lower value NFTs were selling for around $36,000, while rare options sold for over half a million USD. Azuki had become the eighth-most traded NFT collection worldwide in just one month, competing with household names like Bored Ape Yacht Club and CryptoPunks.

How Does Azuki Work?

Alongside unique PFP NFTs, Azuki promised investors a long-term roadmap which helped attract the NFT community to the project. This roadmap included immersive 3D experiences, unique Azuki-themed merchandise, in-person exhibits for Azuki holders, and even a native currency called $BEAN.

Since its initial release, all holders have had access to The Garden. Within The Garden, holders can be the first to access collabs with other NFT projects, Azuki drops, clothing, tickets, live events, and more.

However, this initial roadmap was disrupted in early May 2022 after Zegabond (an Azuki founder) published a blog that mentioned his previous three projects and how each had failed. Each had been a big hit at the time and experienced controversy in one way or another. This decreased the price of Azuki’s by over 45% and caused significant backlash throughout social media, which we’ll go into more detail below.

As of January 2023, Azuki has continued to follow its roadmap, offering streetwear to members of The Garden, the creation of a Gallery Metaverse, and plans for Meta-games within the community.

Who created Azuki?

Azuki was created by Churu Labs, a group of artists and developers located in Los Angeles. Each member has a background in technology, gaming, and crypto, using a pseudonymous name to stay anonymous. They go by the names of 2pm.flow, location tba, HoshiBoy, and Zagabond.

Churu labs created Azuki to take PFP NFTs to the next level, aiming to impact the real world with in-person events, merchandise, and more.

What are Azuki’s Beanz?

In April 2022, Azuki launched a second collection called Azuki Beanz. This collection was more affordable than the traditional Azukis and had rumors to be linked to Adidas and Supreme (though these turned out to be untrue.)

The collection consists of around 30,000 NFTs, and each Azuki holder was airdropped a mysterious box that contained a unique character from the Beanz collection.

Azuki Beanz holders receive access to an exclusive Discord channel, with merchandise and collectible drops being announced in the future.

There are two BEANZ NFTs in total; one red and one blue, each with its own personality. Red BEANZ is a rule breaker, making his way from The Garden into the alley. Apparently, the Red BEANZ bites your Azuki if you tell him what to do.

The second bean is a blue BEANS NFT. Blue BEANZ is constantly getting into trouble. They annoy Azuki’s and have a bad reputation.

How To Buy An Azuki NFT

You can buy an Azuki NFT on LooksRare and OpenSea.

Start by setting up an account and collecting your wallet on either platform. MetaMask and Coinbase Wallet are good options for this.

Once you’ve connected your wallet, search for Azuki in the search bar, ensuring the collection has a blue checkmark to avoid a rug pull.

Find the NFT you want to buy and click “Buy Now” to complete the purchase.

Azuki Controversy

In May 2022, Zagabond announced he was behind three defunct projects; Tendies, CryptoZunks, and CryptoPhunks. CryptoPhunks, in particular, was seen as a huge issue amongst the Azuki community, as it was considered a rug pull after the dev team disappeared. Consequently, many investors started to question the legitimacy of Azuki.

But the criticism didn’t stop there. After additional research, on-chain data discovered that the founder of CryptoPhunks completed a wash trade (when a buyer and seller collaborate to inflate the market.)This caused the Azuki floor price to plunge further, decreasing from 19 ETH ($ 45,410) to as low as 10.5 ETH ($25,095.)

To address the controversy, Zagabond held a Twitter space on May 10th, hosted by Andrew Wang, a popular cryptocurrency figure. Vagabond claimed that he handed off the communities, then tried to justify his actions by stating there’s no rulebook for creators to follow.

However, developers who worked with Zagabond took to Twitter to share their experiences. In a detailed Twitter thread, “dvx,” a former CryptoZunks team leader, stated that Zagabond was consistently dishonest about his work, failed to communicate with his team, and abandoned the project despite a roadmap already being in place. Other developers stated that Zagabond was scamming from the start and had no intention for the projects to succeed.

Despite this criticism, Azuki buyers actually increased by 1200%, with investors capitalizing on the lower floor price.

Final Thoughts: Is Azuki Still Worth The Investment

Although Azuki experienced negative publicity in 2022, it remains a strong investment option with a floor price of 14 ETH as of January 2023.

The dev team has successfully expanded the project with Azuki Beanz and continues to pursue the planned roadmap, providing value to holders in the process. This continuous investment shows that the dev team is invested in the long-term success of the project.

Nonetheless, as with any investment, completing your due diligence is always important. Only invest what you can afford and ensure Azuki is the right project for you before making any decisions.

The 25 Best NFT Memes Will Make You Cry Laughing

Posted on December 27, 2022December 8, 2022 by Anthony Georgiades

With the NFT market experiencing one of its first bear runs, it’s a great time to look at the funny memes NFTs have given us.

You know, a “laugh through the pain” sort of thing.
Memes play an important part in NFT culture, influencing collections like BoredApeYachtClub and Crypto Punks, as well as creating hype around new projects.

And best of all, they make you realize just how crazy NFTs may appear to ordinary people, especially the older generation who think resetting the WiFi box makes you an internet genius.

Whether you’ve lost an NFT gas far, minted a recent rug pull, or your portfolio is getting rekt, here are 25 of the best memes to hopefully put a smile on your face.

When your dad ruins career day

Picture NFTs gurus in 10 years. They turn up at their kids’ career day. Every other parent is talking about their office job, being a firefighter, working in a hospital. But not NFT dad… No. He turns up with his Trezor wallet ready to show off his NFT collection.

Mental health isn’t real… right?

We’ve all fallen down the NFT rabbit hole.

“I’ll just buy one,” you told yourself.

Six months later you’re on your 672nd NFT, your LinkedIn profile picture is an a monkey and you spend 20 hours a day on OpenSea.

Ready for the next bull market?

Pixelmon Kevin

Pixelmon is an NFT project that promised a Pokemon-style Metaverse where you could train and collect Pixelmon. In its initial release video, users saw a stunning world full of beautiful terrains and unique creatures. But on release, they got Kevin… Kevin was so laughably bad that he became a meme.

NFTs are art, right?

NFTs have been described as modern art. But art seems to have taken a new form. Instead of stunning mosaics and beautiful paintings, we prefer pixelated figures on a screen. Even as an NFT lover, you have to admit it’s a little odd.

Who needs the world when you have monkeys?

Post 2020 the world has been a little hectic. Global lockdowns. Economic collapse. The threat of war. But if you just spend a few hours on OpenSea everything looks good. A few monkey pictures here. A few pixelated profile pictures there. Take a deep breath and relax.

Is your job really worth it?

You work hard for 20 years, get a promotion and eventually, you can buy a house and settle down. Or you can just sell a JPEG for half a million dollars. The choice is yours.

But why don’t you just right click and save?

When NFTs first made the mainstream media, everyone was asking the same thing: why can’t you just save them? Although more people now understand the blockchain technology behind an NFT, it’s still amusing to see how frustrated owners get when someone saves the image they paid $10k for.

If only they knew…

BoredApeYachtClub is arguably the most famous NFT collection in the world, being collected by celebrities such as Justin Bieber, Jimmy Fallon, Snoop Dogg, and Eminem. Collectors are known for continuously talking about their apes in a cult-like manner. But outside of the NFT world, nobody knows who they are. You definitely wouldn’t call it party talk.

I’m building the collection for its utility…

According to Into The Block, the number of NFT collections created on Ethereum increased by 104.5% in 2022. While some of these collections had great utility, many were just looking for a quick profit.

Mum, I swear I’ll be a millionaire in 5 years

Some people took NFT investing a little too far. You see horror stories of people who lost their life savings in rug pulls, sold assets to pay debt and spent 90% of their time looking for new collections. They’ll be rich soon though, don’t worry.

Parents in their 30’s vs me in my 30’s

It’s crazy to think that an NFT could be worth more than a house. But many collectors spent more than a house payment on their collection. Collectors such as Starrynight have collections worth over $15 million. That’s several houses and a mansion.

If only it were that easy

During the peak of the bull market just about everyone was getting involved in NFTs. Unfortunately, very few actually knew how hard it was. With gas fees at an all time high and scams around every corner, a lot of newbie investors got learnt the hard way.

But mine has different eyebrows, it’s definitely unique

Imagine painting the Mona Lisa, changing her hair color and selling it as a whole new piece. This is kind of how NFT collections work. A little bit of paint, a change of color, and a new accessory- that’s an extra $300 in the bank.

Why would they ever screenshot?

This meme plays on the screenshot joke and showcases one of the world’s most expensive NFTs. Known as the COVID Alien, it sold for $11.75 million and as you might have guessed, thousands of users simply took a screenshot and used it on their own profiles.

Christmas is coming

Explaining anything online to family is a little complicated- especially as you go up a generation. Explaining NFTs? Almost impossible. Try explaining to your dad that the monkey you own is worth $50k and he’ll look at you like you’re crazy.

Where’s my Lambo?

New investors worldwide thought they’d make millions with NFTs. They saw a 10 year old do it, so why couldn’t they do it too? Turns out there’s actually more to making money than just minting.

Mum, I’m an artist

According to the Social Media Examiner, around 98% of all NFT projects will ultimately fail. For every Bored Ape Yacht Club, 98 other projects won’t take off. There’s a multitude of reasons why, but this meme certainly puts a funny spin on it.

How do you make money on every project?

Here’s a little secret. If you want to win big on NFTs then you need to get in on the whitelist. Whitelists let you get in on a project before it increases in value, which helps you save and profit simultaneously.

Hi boss, yeah, I quit

Everyone’s seen this classic Wolf of Wall Street moment. At the peak of the NFT market, many investors may have had the same idea. Let’s hope we see an NFT remake of this in 20 years.

Here’s the bill

It’s great having an NFT worth $150,000. But it’s a bit like having a $150,000 sports car. You can’t use it to pay the bill.

Hope These NFT Memes Made You Laugh!

The great thing about NFTs is that the market’s just getting started– the ups and downs will fuel a creative cohort of meme creators. As the use cases for NFTs grow, we’ll see more memes to laugh at in the future.

Let’s just hope some of the memes aren’t too relatable.

How to Buy NFTs on Coinbase

Posted on December 20, 2022December 8, 2022 by Andrew Amarosa

Coinbase is the world’s second-largest cryptocurrency exchange, with over 73 million users. It’s best known for its easy to use interface and in-depth educational resources, making it the perfect exchange for new investors.

Now, Coinbase has entered the NFT market with Coinbase NFT. Coinbase NFT works as an extension to the traditional Coinbase platform and requires users to re-sign in with their crypto wallet.

Here is a step-by-step guide on how you can buy NFTs on Coinbase.

How To Buy An NFT On Coinbase

Start by heading to https://www.coinbase.com/ and creating a Coinbase account. On the login page, enter your email address and “Get started,” or click the Sign In button on the right side of the page.

Once logged in, click on the NFT tab on the bottom left hand side of the page. This will open a new tab for the Coinbase NFT platform.

From here you’ll need to sign in again. Click on the “Sign In” button on the top right and select your wallet. MetaMask and Coinbase are the two most popular options.

After signing in, look at the current trending NFTs or alternatively search for the collection you want to buy an NFT from.

Click on your chosen collection and select the NFT you want to buy. After clicking on an NFT, you can view its unique attributes, offers, and recent activity. You’ll also be able to see its “Buy Now” price.

If you want to buy the NFT instantly, click “Buy Now.” Alternatively, you can make an offer slightly lower than the Buy Now price to bag a bargain.

After placing your bid, the NFT owner will need to accept your offer. Once accepted, the transaction will be made, and the NFT will be sent to your wallet.

Congratulations! You’ve now purchased an NFT on Coinbase.

How To Connect With Your Friends On Coinbase

As well as buying NFTs, the new Coinbase market is also introducing a social side to NFTs. Through the Coinbase extension, you can follow friends, look at their recent activity and show off your latest purchases. Here’s how.

When logged into Coinbase NFT, click on the “Following” tab at the top of your screen.

Search through the different accounts to follow, or use the search tab to look for your friend’s account.

Click on the account to look at the NFTs they own or look at their most recent activity to see what they’ve been up to.

Coinbase NFT: The New OpenSea?

With Coinbase dominating the cryptocurrency industry, could it overtake current NFT exchanges such as OpenSea when it comes to NFT sales? At the moment, it’s a little hard to say.

Coinbase NFT is still in its Beta phase, and it definitely feels that way. It uses a similar interface to Coinbase, but doesn’t quite have the usability of OpenSea. It lacks the different categories offered by OpenSea and seems a little limited in its offerings, with the main focus being on popular collections.

That being said, it definitely has the potential to influence the NFT market, especially if Coinbase can successfully convert its new crypto user base to NFTs.

Coinbase NFT FAQs

Does Coinbase Sell Solana NFTs?

No. As of December 2022 Coinbase only offers Ethereum NFTs.

Are There Any Selling Fees On The Platform?

Coinbase is currently running an early phase sale program where there are no fees for sales. Fees will be a part of the platform after its Beta phase, though no official date has been released.

I Have No Experience With NFTs. Can I Still Use Coinbase To Buy NFTs?

Of course. Coinbase makes it easy to buy NFTs with their dedicated wallet. This wallet will already be used as part of your cryptocurrency account, which makes it easy to adapt. You can also learn more about NFTs through the Coinbase Learning Portal.

What Wallets Can I Use To Buy Coinbase NFTs?

Current wallets include MetaMask, Coinbase, and WalletConnect.

I’m Experiencing An Issue With My Coinbase NFTs. Who Can I Contact?

You can contact the Coinbase team directly here. Using the support center you can report issues about the product you’re having issues with or contact the support team directly.

Can I Buy Music NFTs on Coinbase?

No. As of December 2022 music NFTs are not available via Coinbase.

What Are The Most Popular Collections On Coinbase?

Coinbase offers some of the most popular NFT collections, including BoredApeYachtClub (BAYC), CryptoPunks, Otherdeed For Otherside, and More Loot.

Does Coinbase Offer New Collections?

Yes! Drops are a part of the Coinbase NFT platform and can be found on the “Drops” tab. Each drop has its own countdown and a “Remind Me” button, where you can sign up with your email to be the first to hear about any project updates. You can also view comments from other investors underneath each drop.

What Does Minting Mean When It Comes to NFTs?

Posted on December 13, 2022December 8, 2022 by Anthony Georgiades

Minting is the process of creating an asset on the blockchain. It’s the process used to create non-fungible tokens (NFTs,) which are blockchain-based tokens that prove ownership of an item such as a piece of music, profile picture, or image.

They first grew in popularity in 2021, with collections like Bored Ape Yacht Club and CryptoPunks making international headlines for their huge price tags. Since then, brands such as Nike and Adidas have created their collections, doubling the number of collections in just one year.

So what exactly is minting an NFT? How does minting work, and what does it cost? In this article, we’ll answer each of these questions: how long it takes to mint an NFT, the most famous mints, and how an NFT gas war can impact the minting price.

What Is Minting An NFT?

Minting an NFT is the process of creating an asset stored on the blockchain, where its authenticity and ownership are proven. The blockchain itself can’t be edited, which makes ownership indisputable.

Minting an NFT is usually completed on platforms like OpenSea, which provides users with the tools to mint their collection. In addition to these tools, creators will also need the art they plan to use and details of unique accessories and features. Some general knowledge about blockchain technology is also useful but not essential.

To mint a collection, creators will need a crypto wallet with the cryptocurrency needed to put their collection on the blockchain. Most NFTs are created with Ether (ETH), though Solana (SOL) and Cardano (ADA) are also popular options.

After paying all fees and uploading the necessary files to create a new token, the platform you use will register your new asset on the blockchain, which can be listed on exchanges to generate a crypto income,

How Does NFT Minting Work?

Minting For Creators

As a creator, minting an NFT lets creators create scarcity, secondary earnings, and verified ownership. Creators can create limited edition pieces, specialized collections, and more, all of which are validated on the blockchain.

Minting also lets creators build communities and perks for collectors who buy their NFTs and generate a passive income through “creator fees,” which charge a small percentage of each secondary sale.

Creators can complete the process on platforms like Solsea and Opensea, which cover all complex coding, allowing creators to focus on the art.

Minting For Collectors

As a collector, minting allows you to become part of a community. When minting from a new project, collectors become the first-ever owner of a particular NFT. Minting from a new collection is like buying a pack of collectible cards; you never know how rare the NFT will be.

Minting as a collector requires you to go to the developer’s website. On the website, there will be an option to “Mint.” Connect your wallet, pay all fees, and your NFT will arrive in around 30 minutes.

How Much Does Minting Cost?

The cost of minting depends on the “gas price” (transaction fee.) This is paid to the blockchain and will vary depending on the time of day and overall activity. Minting an NFT can cost as little as $0.01 but can go as high as $500 to a few thousand dollars. If gas fees are particularly high when minting an NFT, you can always return later to mint at a lower price. Just make sure the collection won’t sell out before then!

How Long Does It Take to Mint an NFT?

Minting an NFT can take anywhere from 30 minutes to 3-4 hours, depending on how experienced you are with the platform.

The actual minting process is the stage at which your NFT is published. Before minting, you need to create the art for the collection and decide how many NFTs you plan to create and how you plan to promote the collection.

Most Famous Mints

CryptoPunks

CryptoPunks was first released in June 2017 and became the most popular NFT collection of all time. What makes this mint famous is that it was completely free. Anyone with an Ethereum wallet could claim a CryptoPunk.

Following its release, many collections replicated the 10k profile picture trend, and CryptoPunks went on to sell for millions. As of December 2022, CryptoPunks remains the most valuable NFT collection on the planet.

Quantum

Quantum is commonly cited as the first NFT ever minted. It was minted in May 2014

(May 2014) on a site known as Namecoin. After its initial mint, Quantum was forgotten about for years until going on auction at Sotheby’s in June 2021, where it sold for over $1 million.

The Eternal

The Eternal is the fastest-selling NFT collection to be minted, selling out in just seven minutes. It was released by Anthony Hopkins, who partnered with NFT company Orange Comet. It was sold on 13th October and showcased 1000 NFTs consisting of 10 unique animation NFTs and 990 unique images.

What Is an NFT Gas War?

An NFT gas war is a bit like a bidding contest with too many bidders. It starts when the demand for an NFT is higher than its supply- for example when a popular new NFT collection is released. This increase in demand causes the blockchain to slow, and consequently, some investors tip blockchain validators to speed up the transaction. As a result, the gas fee increases based on the tip.

To beat other bidders, investors will keep paying higher fees until most investors can’t afford the gas fees. This causes the overall traffic to decrease and prioritizes the highest bidders, which can be frustrating for investors with smaller budgets as it could price them out completely.

It’s important to note that gas fees will also differ based on the platform and the time of day. In some situations, the gas fee can be higher than the listed sale price of the NFT. Therefore, it’s important you research the gas fee before selling or buying an NFT.

Final Thoughts: Minting Isn’t As Complex As You May Think

Minting an NFT isn’t quite as complex as it’s made out to be. While you need to consider factors such as gas fees and the platform to mint, once you have the designs in place, most platforms will take care of everything for you. Be diligent with your research beforehand and ensure that the gas fee is within your budget- the last thing you want to do is bid for an asset only to realize you can afford the gas.

Minting is a great way to make money as a digital creator. As NFT technology advances, its use cases and widespread adoption will also increase, making it a great time to get involved in the market.

Magic Eden NFT Marketplace Explained (Read Before Using)

Posted on December 8, 2022December 8, 2022 by Anthony Georgiades

Magic Eden is the world’s most popular Solana NFT marketplace, with over 10 million unique users and 20,000 daily transactions. It lets users sell non-fungible tokens (NFTs), including art and music NFTs.

In August 2022, the company announced it would release Ethereum NFTs, though its primary blockchain would remain Solana. It also released an optional royalty model in October 2022, replacing the 2% platform fee.

In this article, we’ll look at what the Magic Eden marketplace is, how it works, who founded it, and its unique launchpad feature.

What Is The Magic Eden NFT Marketplace?

Magic Eden is a decentralized NFT marketplace where users can buy, create, sell and trade Solana and Ethereum NFTs.

The platform showcases a range of NFT collections, including digital collectibles such as Okay Bears, y00ts, and the Degenerate Ape Academy, as well as music NFTs and gaming collectibles.

As the world’s most popular Solana NFT marketplace, 90% of all secondary Solana NFT platforms are completed on Magic Eden, which has a trading volume of over $1.44 billion.

Magic Eden raised $27 million during its Series A funding round, helping it compete with other NFT marketplaces such as OpenSea. In July 2022, Magic Eden raised an additional $130 million in a Series B funding round, which was led by Electric Capital and Greylock. Magic Eden was valued at $1.6 billion following this second funding round.

As of December 2022, Magic Eden users have access to a marketplace where they can search using different categories such as “Most Popular,” “Auctions,” or by release date. They also have access to an insights tab, a tab for Magic Eden games, and a unique launchpad.

When searching for a collection, users can filter stats based on the last 24 hours, week, or 30 days. They can also filter NFTs based on the unique attributes of a collection. These attributes include eyes, mouth, background, and other features. Or, if an investor has a specific budget in mind, they can filter an NFT collection based on its status and price.

Through the insights tab, users can view live auctions and recent market activity for all collections. This is great for collectors who want to stay up to date, with options for everything from recent transactions to top holders.

How Does The Magic Eden Marketplace Work?

To get started with Magic Eden, you need a Solana-compatible wallet such as Exodus, Trezor, or SolFlare. You then need to purchase SOL to cover the price of the NFT plus the Solana blockchain fee.

From here, you can connect your wallet to Magic Eden by clicking the “Connect Wallet” button on the right side of the screen. You don’t need to make an account. Once connected, you can buy any NFT collection on the platform by bidding on it at auction or clicking “Buy now” to make an instant purchase.

In November 2022 the most popular collection on Magic Eden was Claynosaurz, followed by y00ts and DeGods. The most popular collection of all time remains Okay Bears, a profile-picture NFT collection showcasing a range of bears with unique, quirky characteristics.

Alongside a comprehensive website, Magic Eden has its own iOS app. This app lets users browse a range of NFT collections; however, it doesn’t let users buy NFTs. NFT purchases are currently limited to the web browser.

Although mostly focused on Solana collections, Magic Eden also supports Ethereum (ETH) collections like Bored Ape Yacht Club (BAYC), Otherdeed For Otherside, and Azuki. These can be found on the “Popular Collections” tab under the “Ethereum” section.

If you want to get involved in the future of Magic Eden, you can also purchase Magic Tickets on the site. Each ticket grants you access to the Magic Eden decentralized autonomous organization (DAO). The DAO is currently an exclusive Discord channel where users can vote on future marketplace policies.

Who Founded The Magic Eden Marketplace

Magic Eden was founded in 2021 by four friends: Sidney Zhang, Jack Lu, Zhuoxun Yin, and Zhuojie Zhou. Before founding Magic Eden, each member had previous crypto and development experience.

Sidney Zhang formerly worked as an Uber Eats developer, Jack Lu worked at FTX, Zhuoxun Yin was a product manager at Coinbase, and Zhuojie Zhou worked as a Facebook developer.

Magic Eden Launchpad

To promote the adoption and success of Solana NFTs, Magic Eden created a unique launchpad to kick-start NFT artists’ projects. The launchpad works in a similar way to an art auction house, with all collections accepted by the launchpad being featured on the front page of the site.

As well as promoting NFT collections, the Magic Eden Launchpad helps creators actually mint their NFTs. It uses an innovative automatic distribution system that takes care of the technical side of NFT creation. This lets creators focus on the artwork instead of worrying about complex coding.

To be part of the launchpad, creators are required to go through a vigorous application process, which will look at the project, its utility, and its design. This process is extremely strict, and only 5% of applications are accepted.

Popular launchpad collections include Syberials: Mint Scrolls, Moon Strike NFT, and WADE Collab. HumanX, Plato Eats: Foodies, and Toys R Us are also set to be released at the start of December.

Final Thoughts: Magic Eden Is The Best Marketplace For Solana NFTs

With over 90% of secondary Solana NFT sales, Magic Eden is by far the most preferred NFT marketplace for Solana-based projects. It’s easy to use, with a seamless interface that makes it easy to find top collections, analyze current stats and search for gaming-based NFTs.

By combining Solana and Ethereum NFTs, the platform has made itself a one-stop shop for NFTs, where both creators and investors can find and buy the collections they want.

The standout feature of the Magic Eden marketplace is its launchpad. As its launchpad grows in popularity, it will help the platform become the first place new creators look towards when creating their collections. This will only speed up the widespread adoption of Magic Eden, which could one day compete with the likes of OpenSea to become one of the world’s largest NFT marketplaces.