Magic Edens has been integrated with LayerZero Labs’ native protocol, according to the company. Utilising a cross-chain infrastructure solution is the plan. Through this integration, Magic Edens will make use of the petrol station and ONFT Standard. Users can buy non-fungible tokens with the token of their choice using Gas Station by LayerZero. This lessens the need for a decentralised exchange or a bridge. Gas abstraction is used by gas stations to make the trading of gas tokens easier.
Ont, or Omni-Chain Non-Fungible Tokens, is an idea that both creators and traders can use. While merchants will be able to exchange digital assets across all supported chains, developers can launch directly from the protocol. The list will grow over the next few days.
According to Magic Eden’s Chief Executive Officer and Co-Founder, Jack Lu, they are working to promote more NFT ecosystem accessibility. Jack has also addressed the issue of LayerZero’s features being added to the Magic Eden platform.
The neighbourhood has reacted favourably to this construction. Some of them have claimed that the idea of NFT is truly perishing gradually and that the only thing that can save it is a step like an airdrop or another innovation. Given that there is a difference between a thought that is dying and a notion that is settling on many platforms in a way that one views as an essential component of formation plus development, it is difficult to concur with such a remark.
Despite this, the community is enthusiastic about the future since Multichain and LayerZero will help the ecosystem by making it happen. Others have just requested that LayerZero drop a token and finish the development. The announcement of tokenized digital collectibles by Magic Eden just happened. It has teamed up with Collector to make 100 tokenized Pokemon cards available in total. On October 18, 2023, a single pack of these will be made available.