ApeChain, a new layer 3 blockchain network developed by ApeCoin DAO in collaboration with the Yuga Labs team on the Arbitrum Orbit chain, continues to attract tremendous interest among cryptocurrency traders and other stakeholders within the non-fungible token ecosystem. Magic Eden is the latest and first NFT marketplace platform to add support to the digital asset ecosystem.
Magic Eden adds ApeChain network support
In an October 21 posting on its site, Magic Eden, a popular multi-chain non-fungible token marketplace, confirmed the addition of support for the ApeChain blockchain network. This integration comes just hours after LayerZero, a cross-chain compatibility protocol designed to efficiently and seamlessly exchange messages and transactions between different blockchain networks, added support for the new ApeChain as a formal interoperability provider.
.@MagicEden In APECHAIN. 🦍
It’s really 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 the Solana, Ethereum, Polygon, Bitcoin, and Arbitrum blockchain networks. By 2024, the Magic Eden NFT Marketplace had quickly grown to become the most prominent NFT marketplace on the Bitcoin and Solana blockchain networks where it first launched.
Magic Eden allows users to create, buy, sell, and collect NFTs. The NFT marketplace has several products, including Launchpad, which allows creators to develop and trade collections of digital items on the Magic Eden site rather than hosting them on the infrastructure. Magic Eden also has a cryptocurrency wallet designed to provide a user-friendly and secure management experience in the Web3 world.
What is the ApeChain blockchain network?
Launched late last week, ApeChain is a new layer 3 blockchain developed on the Arbitrum Orbit chain by ApeCoin, a decentralized autonomous organization (DAO) from digital asset company Yuga Labs created to manage Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs. no see. . ApeChain’s native token, ApeCoin $APE, will power this new network. The new ApeChain network will focus on three core areas: content, tools, and distribution.
The new ApeChain will operate as the Arbitrum Orbit chain, leveraging the security and infrastructure of Arbitrum One. By settling on Arbitrum One, which is itself secured by the Ethereum mainnet, ApeChain can benefit from both Arbitrum’s scalability and Ethereum’s strong security and liquidity while maintaining the independence of its own blockchain network.
ApeChain integrates Arbitrum’s Stylus functionality, allowing developers to build smart contracts using compatible languages such as Rust. This integration expands development possibilities beyond Solidity, making this blockchain network more accessible to more developers. To increase scalability, ApeChain will also introduce cluster chains that will share validators to speed up interactions between chains and improve network efficiency.
Related NFT News:
Most searched cryptocurrency launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Cointelegraph Special
- Thanks to SolidProof and Coinsult
- Staking Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ending Soon