The ApeChain, a new layer 3 blockchain network developed as the Arbitrum Orbit chain by ApeCoin DAO in partnership with the Yuga Labs team, continues to gain massive traction among crypto traders and other blockchain stakeholders. non-fungible token ecosystem. Magic Eden is the latest and first NFT marketplace platform to add support to its digital asset ecosystem.
Magic Eden adds support for the ApeChain network
In an October 21 site post, Magic Eden, a popular multi-chain non-fungible token marketplace, confirmed the addition of support for the ApeChain blockchain network. This integration came just hours after LayerZero, a cross-chain compatibility protocol designed for efficient and transparent exchange of messages and transactions between different blockchain networks, added support for the new ApeChain as a blockchain provider. canonical interoperability.
.@MagicEden on ACHEAIN. 🦍
It’s truly magnificent. ❤️
Day 2. 🫡 pic.twitter.com/wcmgcED9qd
– Trippy (Captain Trippy) 🍌 (@CapetainTrippy) October 21, 2024
Launched in September 2021, Magic Eden is a leading multi-chain NFT marketplace supporting non-fungible tokens on the Solana, Ethereum, Polygon, Bitcoin and Arbitrum blockchain networks. Fast forward to 2024, the Magic Eden NFT marketplace has quickly grown to become the largest NFT marketplace on the Bitcoin and Solana blockchain networks, where it was initially launched.
Magic Eden allows users to create, buy, sell and collect NFTs. The NFT marketplace offers several products, including a Launchpad, which allows creators to develop and exchange collections of digital objects on the Magic Eden site instead of hosting them on their infrastructure. Magic Eden also has a crypto wallet designed to provide a user-friendly and secure custody experience in the Web3 world.
What is the ApeChain blockchain network?
Launched late last week, ApeChain is a new layer 3 blockchain developed as the Arbitrum Orbit chain by ApeCoin, a decentralized autonomous organization (DAO) of digital asset company Yuga Labs created to govern the Bored Ape Yacht Club, the Mutant Ape Yacht Club NFTs. . ApeCoin $APE, the native token of ApeChain, will power this new network. The new ApeChain network will focus on three main areas: content, tools and distribution.
The new ApeChain functions as an Arbitrum Orbit chain, allowing it to use the security and infrastructure of Arbitrum One. By opting for Arbitrum One, itself secured by the Ethereum mainnet, ApeChain benefits from both the scalability of Arbitrum and the robust security and liquidity of Ethereum while maintaining the independence of its own blockchain network.
ApeChain will integrate Arbitrum’s Stylus functionality, allowing developers to create smart contracts using compatible languages like Rust. This integration will expand development possibilities beyond Solidity, making this blockchain network more accessible to a wider range of developers. To improve scalability, ApeChain will also introduce cluster chains, which share validators to accelerate cross-chain interactions and improve network efficiency.
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