December 29, 2022

How to work with Magic Eden?

Magic Eden is an NFT platform created for the Solana network that facilitates the purchase, sale and release of NFT. NFT transactions are very similar to Ethereum, except that users will be charged 0% listing fee and only 2% transaction fee, which reduces barriers to entry for new and experienced buyers and creators of NFT.
NFT collections in Magic Eden grew earlier every day, after problems with this platform, when ordinary schoolchildren with bots could put a network after the mint of the collection, SOL fell and fell, at the time of writing, it has a price of $9

Magic Eden Website/application

Magic Eden's main product is the secondary market. Projects must first apply to place their NFTs on the Magic Eden marketplace, but after the approval of the NFT, they can freely sell, buy and sell. The market has a number of unique features and advantages that provide users with additional value, for example:

A page of popular collections that shows users the trending NFTs at the moment.
An attribute filter that allows users to quickly filter NFT and find specific constructs.
A detailed statistics page that shows the total rate of each NFT, the percentage of volume, the minimum price and cost, which allows users to conduct better research and make more reasonable investments.
Search for collections, if you do not find the collection you are interested in on the main page, then you can always find the collection you need and find out all the necessary information.

Magic Eden Launchpad

Magic Eden Launchpad is an exclusive platform for launching projects. The main purpose of the launcher is to make minting simple, convenient and safe for creators around the world. Magic Eden Launchpad requires minimal technical experience and provides creators with comprehensive support and assistance throughout the creation process.
To launch the NFT collection with Magic Eden, users must register to join the launcher. Less than 5% of all applications are accepted, and only the best projects can be released in Magic Eden. This ensures that the Solana community can trust all NFT collections released on Magic Eden as safe, reliable and high-quality projects that have been thoroughly tested.

How to buy NFT in Magic Eden?

1) Set up a wallet

We need a Solana network, in which Magic Eden is mainly located, magic supports three common wallets: Phantom, Solflare and Sollet, but we will consider only Phantom.
For example, the Phantom will be used as a guide to creating a wallet. For those who have used the MetaMask wallet, which is currently one of the most popular crypto wallets, the Phantom setup process will be very simple. Users need to go to the official Phantom website, install the browser extension and select "Create a new wallet". From there, they just need to follow simple instructions to have an approved crypto wallet.

2) BUY SOL

Users must purchase SOL and send these tokens to their wallets to purchase NFT in Magic Eden, there are about 40 exchanges that can allow you to buy SOL, for example Binance. Or you can use exchangers

3) Connect wallet to Magic Eden

Now that you have funds in your wallet, connect them to the Magic Eden web page by clicking "Connect" in the upper right corner.

4) BUY NFT

Before buying, be sure to study the collection, so as not to be a degenerate and not to buy a meaningless picture, pay attention to the project itself, roadmap, fundamentals, market turnover (volume), utilities.
Having selected an NFT to buy, click on it by clicking "Buy Now"
If you want to make a purchase offer at a lower price (offer).

LINKS:

Twitter Quasar: https://twitter.com/quasar_alpha
Twitter ME: https://twitter.com/MagicEden
Website ME: https://magiceden.io/