Magic Eden Embraces Solana’s Compressed NFTs for Economic Minting - NFT News Today
NFT News Today
18 Sep 2023 2:50 AM
Magic Eden endorses Solana's compressed NFTs, offering cost-effective minting and promoting wider adoption in the digital collectible space....
- Magic Eden is pioneering the adoption of Solana's compressed NFTs (cNFTs).
- cNFTs compress data and store it off-chain, reducing minting fees.
- This innovation allows for mass production of digital collections in various industries.
- Magic Eden's data suggests that creators can mint up to 1 million NFTs at a cost of $110 on Solana.
- Supporting cNFTs aims to enhance adoption rates and make NFTs easily accessible.
- The integration of cNFTs lays the groundwork for a scalable NFT ecosystem.
The article highlights the potential benefits of cNFTs and their impact on the NFT ecosystem. The tone is positive and optimistic about the future of digital collectibles.