According to a release shared with BSC News, LayerZero has collaborated with leading NFT marketplace Magic Eden to provide the platform with enhanced interoperability capabilities.
Chain-agnostic NFTs?
After the integration, Magic Eden users will be able to create and mint Omnichain Non-Fungible Tokens (ONFTs), which can be bought and sold across all of Magic Eden’s supported networks.
Bryan Pellegrino, CEO of LayerZero Labs, said: “We are pleased that Magic Eden has chosen LayerZero’s ONFT standard as the NFT interoperability solution for all collections launching on their platforms. Together with Gas Station, these enhancements to the Magic Eden platform will provide a simple and seamless experience for NFT traders and collectors.”
At the same time, LayerZero Labs is launching its ‘Gas Station’ feature – an ‘open-source gas abstraction tool’ that will also be available to users of the Magic Eden platform.
The detailed announcements above typify Magic Eden’s commitment to using LayerZero for its cross-chain infrastructure needs, aiming to “simplify the NFT trading experience and play an integral role in expanding Magic Eden’s newest Polygon marketplace.”
“Our vision remains unchanged when it comes to providing the most relevant tools to every collector, maker and dealer who visits Magic Eden. With the addition of LayerZero functionality to the Magic Eden platform through the marketplace and launchpad, we are expanding access to the NFT ecosystem as a whole,” said Magic Eden CEO and co-founder Jack Lu.
Ultimately, traders on Magic Eden will now be able to buy and sell NFTs across all supported networks, all through the Magic Eden UI, marking a leap forward in the journey towards reducing friction in the crypto industry and simplifying the onboarding of non -Web3 users. . This update itself is supported by LayerZero’s gas station, which enabled the exchange of gas-specific tokens without the need for external DEXs and bridging mechanisms.
“Magic Eden will be one of the first NFT marketplaces to offer ONFT capabilities, making Polygon NFTs more accessible to traders and collectors. The integration of LayerZero into MagicEden marks the start of a series of planned updates and improvements that Magic Eden will add to its ecosystem. Since expanding to the Polygon network in November 2022, Magic Eden has remained committed to providing world-class tools to creators from Polygon and other chains through the Magic Eden Launchpad, while ensuring collectors in the ecosystem have the best possible trading experience experienced. Magic Eden’s Polygon marketplace updates are expected later in 2023.”, the release said.
