NFT Marketplace Magic Eden Adds Support For The New ApeChain Network

The
ApeChain,
a
new
Layer-3
blockchain
network
developed
as
an
Arbitrum
Orbit
chain
by
ApeCoin
DAO
in
partnership
with
the
Yuga
Labs
team,
continues
to
gain
massive
traction
among
crypto
traders
and
other
stakeholders
within
the
non-fungible
token
ecosystem.
Magic
Eden
is
the
latest
and
the
first
NFT
market
platform
to
add
support
to
its
digital
assets
ecosystem.

Magic
Eden
Adds
Supports
For
The
ApeChain
Network

In
an
October
21

site
publication,
the
Magic
Eden,
a
renowned
multi-chain
non-fungible
token
marketplace,
confirmed
adding
support
for
the
ApeChain
blockchain
network.
This
integration
appeared
just
a
few
hours
after
LayerZero,
a
cross-chain
compatibility
protocol
designed
for
efficient
and
seamless
exchange
of
messages
and
transactions
between
different
blockchain
networks,
added
support
for
the
new
ApeChain
as
its
canonical
interoperability
provider.

.@MagicEden
on
APECHAIN.
????

Fvckin’
beautiful.
❤️

Day
2.
????

pic.twitter.com/wcmgcED9qd

—
Trippy
(Captain
Trippy)
????
(@CapetainTrippy)

October
21,
2024

Launched
in
September
2021,
Magic
Eden
is
one
of
the
leading
multi-chain
NFT
marketplaces
supporting
non-fungible
tokens
on
Solana,
Ethereum,
Polygon,
Bitcoin
and
Arbitrum
blockchain
networks.
Fast
forward
to
2024,
Magic
Eden
NFT
marketplace
has
rapidly
grown
to
become
the
most
prominent
NFT
marketplace
on
the
Bitcoin
and
Solana
blockchain
networks,
where
it
was
initially
launched.

Magic
Eden
enables
users
to
create,
buy,
sell,
and
collect
NFTs.
The
NFT
marketplace
features
several
products,
including
a
Launchpad,
which
allows
creators
to
develop
and
trade
digital
item
collections
on
the
Magic
Eden
site
instead
of
hosting
them
on
their
infrastructure.
Magic
Eden
also
has
a
crypto
wallet
designed
to
offer
a
user-friendly
and
secure
custodial
experience
in
the
world
of
Web3.

What
Is
ApeChain
Blockchain
Network?

Launched
late
last
week,
ApeChain
is
a
new
Layer-3
blockchain
developed
as
an
Arbitrum
Orbit
chain
by
ApeCoin,
a
decentralized
autonomous
organization
(DAO)
from
the
digital
asset
firm
Yuga
Labs
created
to
govern
the
Bored
Ape
Yacht
Club,
Mutant
Ape
Yacht
Club
NFTs.
The
ApeCoin
$APE,
the
native
token
of
ApeChain,
will
power
this
new
network.
The
new
ApeChain
network
will
focus
on
three
core
areas:
content,
tools,
and
distribution.

The
new
ApeChain
operates
as
an
Arbitrum
Orbit
chain,
which
allows
it
to
utilize
Arbitrum
One’s
security
and
infrastructure.
By
settling
on
Arbitrum
One,
which
is
itself
secured
by
the
Ethereum
main
net,
ApeChain
benefits
from
both
Arbitrum’s
scalability
and
Ethereum’s
robust
security
and
liquidity
while
maintaining
the
independence
of
its
own
blockchain
network.

The
ApeChain
will
integrate
Arbitrum’s
Stylus
feature,
enabling
developers
to
build
smart
contracts
using
compatible
languages
like
Rust.
This
integration
will
broaden
the
development
possibilities
beyond
Solidity,
making
this
blockchain
network
more
accessible
to
a
broader
range
of
developers.
To
enhance
scalability,
ApeChain
will
also
introduce
Cluster
Chains,
which
share
validators
to
speed
up
cross-chain
interactions
and
improve
network
efficiency.

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