The integration of Magic Edens with its native protocol has been announced by LayerZero Labs. In this direction, the cross-chain infrastructure solution is to be used. The Gas Station and ONFT Standard will be used by Magic Edens as a result of this integration.
Magic Eden and LayerZero Join Forces for Cross-Chain Infrastructure Solutions
Users of Gas Station by LayerZero can use their preferred token to buy non-fungible tokens. The need for a bridge or decentralized exchange is lessened as a result. In order to make the trading of gas tokens easier, gas stations use gas abstraction.
Both producers and traders can use the idea of ONFT, or Omni-Chain Non-Fungible Tokens. In contrast to traders, who can launch directly from the protocol, creators will have the ability to exchange digital assets across all supported chains. In the upcoming days, the list will be enlarged.
Magic Eden Community Supports Integration
Magic Eden’s Chief Executive Officer and Co-Founder, Jack Lu, has stated that the company is working to promote more NFT ecosystem accessibility. Lu also talked about how LayerZero’s features would be added to the Magic Eden platform.
This development has received a favorable response from the neighborhood. According to some of them, the idea of NFT is truly perishing gradually and can only be revived by a step like an airdrop or another innovation. In this direction, the community is enthusiastic about the future since Multichain and LayerZero will help the ecosystem by making it happen.
About Magic Eden
NFTs can be traded between individuals on Magic Eden, a decentralized exchange. For users to mint, list, and trade NFTs, Magic Eden is a well-known trading site. It was first developed to support the Solana blockchain, but later added support for Ethereum and Polygon to its list of features.
About LayerZero
A lightweight message transmission between chains is the goal of the LayerZero omnichain interoperability protocol. With customizable trustlessness, LayerZero offers authentic and assured message delivery.
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