We are excited to announce a major upgrade to our Web3 ecosystem: the integration of data from the Magic Eden NFT marketplace. This development empowers users to access detailed sales and event metrics from Magic Eden across all supported collections, delivering richer insights into the dynamic NFT landscape.
What Is Magic Eden?
Magic Eden is a leading NFT platform that launched in September 2021. Initially focused exclusively on Solana-based NFTs, it quickly gained market dominance thanks to its intuitive and user-friendly interface.
Over time, the platform expanded its support to include additional blockchains such as Bitcoin Ordinals and, more recently, Ethereum. Plans are also underway to incorporate Polygon NFTs, positioning Magic Eden to further solidify its role across the ecosystem.
The platform incentivizes user engagement through its "Diamonds" rewards program and is spearheading the "Creator Alliance"—a initiative that includes major NFT projects like Yuga Labs, RTFKT, Doodles, and Azuki.
Benefits of the Magic Eden Integration
Incorporating Magic Eden’s marketplace data significantly advances our platform in two key areas:
Comprehensive Market Insights
By integrating Magic Eden’s high-volume trading data, users gain a more complete and real-time overview of NFT market activity. This is especially valuable given Magic Eden’s substantial user base and market influence.
Enhanced Valuation Precision
Our machine learning-powered valuation model, NFTi, benefits greatly from the expanded and diverse dataset provided by Magic Eden. The inclusion of its vibrant trading activity helps refine our algorithms, resulting in more accurate and current NFT valuations.
The Importance of Creator Royalties
Magic Eden has been a strong advocate for enforcing creator royalties, a vital feature for many NFT projects. Royalties provide ongoing funding to creators, enabling continuous improvement and community engagement beyond initial minting revenue.
A significant shift occurred when Yuga Labs decided to list several of its collections exclusively on marketplaces that honor full creator royalties. Affected collections include Otherside Expanded, Vessels, and Maras—though major sets like Bored Ape Yacht Club and Otherdeed remain available more broadly.
According to a Nansen report from summer 2023, Yuga Labs earned $165.5 million in royalties from its NFT portfolio, underscoring the financial importance of royalty enforcement.
This integration ensures our analytics remain aligned with evolving market standards and reflect actual creator compensation practices.
Supported Marketplaces
Our platform now aggregates data from a wide range of major NFT marketplaces, providing users with comprehensive coverage across ecosystems. Supported platforms include:
- OpenSea
- Rarible
- LooksRare
- Blur
- X2Y2
- Foundation
- SuperRare
- Larva Labs
- Magic Eden
This diversity allows for broader trend analysis and more reliable valuation estimates across different market conditions.
We Value Your Feedback
As with any new release, we anticipate opportunities for improvement as user adoption grows. We encourage the community to share their experience and suggestions as we continue to refine this integration.
Our team will actively monitor feedback channels to quickly resolve any technical or usability issues. We are committed to continuously improving your experience with our NFT analytics tools.
👉 Explore real-time NFT market insights
Frequently Asked Questions
What is Magic Eden?
Magic Eden is a multi-chain NFT marketplace that began on Solana and now supports Ethereum, Bitcoin Ordinals, and soon Polygon. It is known for its user-friendly interface and strong support for creator royalties.
How does Magic Eden data improve NFT valuations?
By incorporating high-volume trading data from Magic Eden, our machine learning model NFTi has access to a larger and more diverse dataset. This leads to more accurate, real-time valuations that reflect current market behavior.
Which Yuga Labs collections enforce royalties?
Yuga Labs enforces full royalties on collections such as Otherside Expanded, Vessels, and Maras. However, major collections like Bored Ape Yacht Club and Otherdeed are available on both royalty-enforcing and optional marketplaces.
What other marketplaces are supported?
Our platform supports all major NFT marketplaces, including OpenSea, Blur, Rarible, LooksRare, X2Y2, Foundation, SuperRare, Larva Labs, and now Magic Eden.
How can I provide feedback on this integration?
We welcome all user feedback to help improve platform performance and usability. Feel free to share your experience and suggestions through our official community channels.
Why are creator royalties important?
Creator royalties ensure that original artists and projects receive a percentage of secondary sales revenue. This provides sustained funding for project development, community rewards, and ongoing innovation beyond the initial sale.