Magic Eden is a premier decentralized NFT marketplace, founded in 2021 to make NFTs accessible and user-friendly. Known for its fast transactions and low fees, the platform initially focused on the Solana blockchain, later expanding to support multi-chain ecosystems and later on expanded to support Bitcoin Ordinals, enabling the trading of inscriptions directly on Bitcoin. Magic Eden provides a user-friendly platform to buy, sell, and explore inscriptions and runes. The marketplace integrates with Bitcoin-compatible wallets like Xverse and Hiro, making it easy for users to manage and trade. Magic Eden also curates collections, displays metadata (e.g., rarity), and supports creator tools to help projects launch on Bitcoin. .
Founders
Magic Eden was created by a team of innovators with deep expertise in blockchain, product design, and startups:
- Jack Lu: Former software engineer at Google and Uber, Jack brought scalable infrastructure expertise and a focus on user-centric design.
- Sidney Zhang: A blockchain engineer with experience building robust systems, Sidney laid the technical foundation for Magic Eden.
- Zhuoxun Yin: A Stanford graduate and ex-Head of Product at dYdX, Zhuoxun shaped the platform's user experience and strategic growth.
- Zhong Xu: A serial entrepreneur, Zhong fostered partnerships and scaled Magic Eden into a top NFT marketplace.
Magic Eden continues to innovate in the Web3 space, empowering creators and collectors alike with tools to mint, trade, and explore digital assets. Notably, Magic Eden has become the highest-volume marketplace for Bitcoin Ordinals, reflecting its popularity and active user base.
By entering the Ordinals ecosystem, Magic Eden broadens its reach beyond its original Solana NFT focus to cater to the growing demand for inscriptions. It offers features like fixed-price listings, auctions, and metadata presentation, giving users a seamless way to explore and trade Ordinals.