Magic Eden Unveils No-Code NFT Launchpad

Magic Eden, the leading multi-chain non-fungible token (NFT) marketplace is upgrading its terminal to become more user-friendly by enabling a zero-fee, no-code-required launchpad service.

The activation will make launching NFT collections easier for artists or communities that wish to issue and sell NFTs. The upgraded terminal will support launches with token standards ERC721 and ERC1155.

Before the upgrade, the Mint Terminal aggregated mints from third-party platforms such as Zora or Foundation. Following the upgrade, Magic Eden will be able to serve as a hub for launching NFTs, in addition to buying, selling, and viewing them.

The product will begin by servicing Ethereum, Base, Arbitrum, Polygon, ApeChain, Sei and Binance Smart Chain (BSC), but will add Abstract, Berachain, and Monad compatibility after the networks’ mainnets launch.

“We’re proud to empower creators with greater flexibility and convenience when launching NFTs on Magic Eden, and are excited about the future of digital artistry and its evolving relationship with blockchain technology,” said Jack Lu, the CEO and co-founder of Magic Eden .

Magic Eden launched its ME token in December, and it currently trades for $2.12, or a $2.1 billion fully diluted valuation (FDV). The valuation has Magic Eden priced as the leading NFT marketplace with an active token, competing with Blur, which touts a $625 million valuation, and Tensor which trades at a $385 million FDV.