Magic Eden Embraces Cost-Effective CNFTs for Digital Collectibles Expansion
Magic Eden supports Solana’s cNFTs offering scalable and affordable options for mass-produced digital art and collections.
In the rapidly evolving world of digital collectibles, Magic Eden, a renowned NFT marketplace, has thrown its support behind Solana’s compressed NFTs, commonly known as cNFTs. This comes as a strategic move to introduce a more cost-effective and scalable method for digital art enthusiasts.
CNFTs, setting themselves apart from standard Solana NFTs, have their data storage off-chain, making them more compressed. This attribute ensures that creating them in bulk becomes practical due to the reduced fees associated with minting.
Magic Eden holds the view that CNFTs are the perfect fit for industries intent on mass-producing digital collections. Fields…