In as much as people criticized Ethereum for its high gas fees and switched to using Solana, we can’t deny the fact that that has not stopped people from utilizing the blockchain. Magic Eden is like the Opensea version on the Solana Blockchain. Opensea NFT market place was so successful, Magic Eden had to be their own version on a different blockchain. That’s a joke by the way. But you get what I mean?
Opensea implemented the purchase of Solana based NFTs on the Opensea NFT Marketplace, this means that you can now buy Solana based NFTs on opensea. But Opensea is known for Ethereum Based NFTs, it also accepts other blockchains tokens like Klatyn, WETH & DAI, this is because of Ethereum obvious gas fees reason. But people are blockchain fans just as much as they are fans of other things. Just like the bored ape NFT holders are big fans of the Ethereum blockchain, this should be part of the reason the Ape token wasn’t migrated to its own chain.
But then, Opensea has been making a lot of money from Ethereum NFTs, unfortunately for Eden Market place its blockchain use is limited to only the Solana blockchain, and we know that part of its success is because of the trading activities on the Bored Ape NFT collections. Everyone wants that ape NFT money, I guess Magic Eden is about to get some as it’s coming up with ideas regarding the Ethereum Blockchain and the Bored Ape NFTs.
So Magic Eden is trying to implement Ehtereum’s based NFTs on its platform thereby allowing people buy Ethereum Based NFTs, expanding its use to not just Solana based NFTs but also to Ethereum based NFTs. But then there are providing something special for the bored Ape NFT holders, Apecoin NFT Market For only Bored Ape NFTs, this way they get their special market place.
I guess it’s just the Bored Ape NFT Holders that are really winning it in the NFT space. They get treated so special and get things for free, now they are getting a special marketplace with lower gas fees. The beauty of this market place is that it will accept both ETH and Apecoin. But more discount will be on the Apecoin and there will be lower seller’s fee, looking at these perks, there are more reasons people will consider using the market place.