In a recent tweet, NFT marketplace Magic Eden has released support for “cNFTS.”
cNFTs, short for compressed NFTs, offer creators a cost-effective alternative to traditional NFTs.
Operating on the Solana blockchain, cNFTs enable creators to produce content at scale, while experimenting more freely.
The marketplace has already enabled some popular cNFT collections, with others to be added soon, along with new experiences involving them.
This strategic move reflects Magic Eden’s commitment to enhancing the creator’s journey and fostering boundless creativity while democratizing NFT access for a broader audience.
In March, Magic Eden unveiled “Magic Eden Games,” a hub where Web3 game developers can expand their communities. During the same month, the marketplace announced the launch of a Bitcoin marketplace for digital artifacts, the first completely audited in the Bitcoin Ordinals ecosystem.
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