Mocaverse, the Web3 portal of Animoca Brands, just announced its teaming up with the popular NFT marketplace Magic Eden to launch ‘MagicMoca’ — a new custom NFT launchpad. The launchpad will feature curated, high-quality non-fungible token projects from verticals like sports, IP, gaming, culture, as well as projects from the Magic Eden and Mocaverse communities.
According to the report, MagicMoca will give early access to NFT drops to holders of Moca NFTs, $MOCA Coins, and Moca IDs. Projects from Animoca brands, which has a portfolio of over 500 Web3 projects, will also be promoted through the initiative.
$MOCA will be used as the primary currency for transactions in MagicMoca. Furthermore, Magic Eden will also accept $MOCA on its marketplace, and offer its Diamond boost reward program to users who purchase and/or list MagicMoca NFTs.
Mocaverse’s lead, Kenneth Shek, said that both platforms share a “vision to accelerate consumer crypto by using NFTs as the touchpoint for day-to-day consumers.” Jack Lu, the CEO and co-founder of Magic Eden, added that “tapping into innovative collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities.”
MagicMoca is set to launch later in Q3 2024. More information about the project can be found by following Mocaverse on X.
Magic Eden Establishes Itself as a Top NFT Marketplace
While OpenSea still holds the crown as the top NFT marketplace, Magic Eden isn’t far behind. According to data from DappRadar, over the past seven days the multi-chain marketplace has done $7.82 million in sales, a nearly 75% increase from the previous week. Furthermore, Magic Eden currently holds 61% share of the Bitcoin NFT market, leading all other marketplaces by a large margin.
One of the ways Magic Eden has been able to distinguish itself from the pack is by continually launching new features, initiatives, and partnerships. At Rarity Sniper, we’ve covered several stories about Magic Eden over the years. Here are some of the top headlines:
- February 2024. Magic Eden, Yuga Labs Debut Ethereum NFT Marketplace
- February 2024. Sappy Seals & Magic Eden Partner for Tokenized Physical Collectibles
- February 2024. Magic Eden Forms Alliance to Protect Creator’s Royalties
- January 2024. Magic Eden Unveils Cross-Chain Web3 Wallet to Public
- January 2024. Magic Eden Traders to Be Rewarded with ‘NFT’ Crypto Tokens
- August 2023. Magic Eden Creates $1M Polygon Creator Fund for NFT Projects
- April 2023. Magic Eden to Debut Bitcoin Ordinals Launchpad
While there might not be one key to running a successful NFT marketplace, staying busy in the space, innovating, and finding ways to reward loyal users is a good place to start. Over the past few years, Magic Eden has done all of the above and more — and it looks like the hard work has paid off. It’s latest partnership and initiative with Animoca Brands is more evidence of the marketplace’s commitment to users.