Tag: Minting

NFT marketplace Magic Eden believes that lowering the costs in NFT production creates an “easy access point” for new users to try NFTs. Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning digital collectibles. Today we’re releasing support for…

Market participants spent 963,227 ETH, or about 2.7 billion, on NFT minting on the Ethereum blockchain during the first half of 2022. Over 1 million unique wallet addresses were involved in the minting process, signaling that NFT market activity remained strong. According to a new report by Nansen, about half (50.7%) of the ETH raised…