Magic Eden Launches New VIP Feature Letting Users Trade High-Value NFTs

Updated: 04 October 2023

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Magic Eden, the cross-chain digital market platform for non-fungible tokens, continues pursuing its vision to become the leading marketplace in the nascent NFT sector. In its latest move, the NFT market platform has launched a new feature that allows users to trade high-value NFTs.

Magic Eden Launches New NFT VIP Feature

In an October 03 blog post, Magic Eden confirmed launching a new non-fungible token feature, “VIP,” on its dashboard. The exclusive program helps crypto investors and NFT collectors buy and sell high-value digital collectibles under one part.

Introducing Magic Eden VIP: an exclusive program to help you buy and sell high-value digital collectibles 💎

What is VIP and how does it work?

VIP is an invite only, white glove service for top collectors looking for a personalized, cross-chain digital collectible shopping… pic.twitter.com/yYqsUxv3uG

— Magic Eden 🪄 (@MagicEden) October 3, 2023

Launched in 2021, Magic Eden is a decentralized marketplace for peer-to-peer trading of non-fungible tokens. The trading platform allows users to mint, list, and trade NFTs. The NFT marketplace was initially developed for the Solana blockchain, but it has since expanded its offering to include support for Ethereum, Polygon, and Bitcoin.

Since its inception, the NFT marketplace has grown rapidly, raising $130 million in Series B funding in July 2022 with a valuation of $1.6 billion. Magic Eden also operates Magic Eden Games, a platform that supports NFT games with features such as trailers and tournament hosting.

How Does The New VIP Feature Works?

Magic Eden VIP is an invite-only program and white glove service for top collectors seeking a personalized, cross-chain digital collectible shopping experience. The NFT program will feature three offerings, including “Appraisal,” which will help users determine the real value of their collectible targets.

The NFT feature will also feature “Procurement,” an offering enabling users to obtain high-value digital collectibles while saving their time and hassle in curating their NFT collection. Lastly, the VIP program will feature “Discovery,” allowing users to discover upcoming NFT artists and procure their favorite drops.

In the meantime, NFT collectors and users are required to submit their applications and wait for their consideration in three to five business days. Upon approval, participants will fill out a quick survey to allow the market platform to tailor their experience to their unique needs.