Magic Eden Drops A Commemorative NFT Collection For Its ETH NFT Marketplace Users

Updated: 15 March 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Magic Eden, the digital cross-chain non-fungible token market platform, in partnership with the Bored Ape Yacht Club, Yuga Labs, has launched a commemorative non-fungible token series. The NFT collection aims to incentivise collectors using its recently launched Ethereum NFT market platform.

Magic Eden Launches A Commemorative NFT Collection

In a March 14 blog post, Magic Eden NFT marketplace confirmed launching a commemorative non-fungible token collection in collaboration with Yuga Labs and other members of the creators alliance of its recently launched Ethereum NFT market platform.

Magic Eden, @yugalabs & members of the Creator Alliance are giving out a commemorative NFT drawn by @cloncast.

No utility, just art.

1k total supply sent to users of our Ethereum marketplace. With 500 to random users & 500 to the users who contribute the most royalties to… pic.twitter.com/beVYFdoznm

— Magic Eden 🪄 (@MagicEden) March 14, 2024

Magic Eden is one of the largest NFT marketplaces in the Solana ecosystem, with a robust suite of products and services. Since its inception in 2021, Magic Eden has gone beyond the Solana ecosystem to support other top blockchain networks, including Ethereum, Polygon, and even Bitcoin.

Magic Eden’s motto is reuniting artists, creators, and NFT enthusiasts from multiple blockchains in a single platform that offers a wide variety of features for users, creators, and developers. In that context, Magic Eden has stepped to the forefront to provide a user-friendly interface, a low-fee policy and a flexible royalty system that benefits both users and creators.

On the other hand, Yuga Labs is a famous digital asset incubation studio. The digital asset firm is home to some top NFT collections, including the Bored Ape Yacht Club, Mutant Ape Yacht Club and Bored Ape Kennel Club NFT collection. The Bored Ape Yacht Club also holds intellectual property for CryptoPunks and Meebits NFT collections.

Magic Eden’s Commemorative NFT Overview

Magic Eden, Yuga Labs and other members of creator alliances announced plans to launch its new highly anticipated Ethereum NFT marketplace in November 2023. Last month, Magic Eden, in partnership with several top NFT projects, including the Chiru Labs, launched their highly anticipated Ethereum NFT market platform.

Tomorrow. pic.twitter.com/3xWioC3tYq

— Magic Eden 🪄 (@MagicEden) February 26, 2024

To celebrate this success, Magic Eden and its creator alliance are giving out a commemorative non-fungible token collection to Ethereum NFT marketplace users. The NFT collection will feature a limited edition of 1,000 NFTs, with 500 NFTs issued to random users and 500 NFTs given to the users who contribute the most royalties to creators.

Magic Eden and Yuga Labs’ commemorative non-fungible token collection will feature digital artworks drawn by Cloncast, a renowned digital artist behind the Cool Cat NFT collection. The window to earn these commemorative NFTs started on March 14 and will end on April 15, 2024.