Magic Eden Rivals Say NFTs on Solana’s Biggest Marketplace Are at Risk

[Google News Bot]

In brief Leading Solana NFT marketplace Magic Eden has faced growing criticism about recent platform changes and its escrow-based trading model. Magic Eden defended its API changes in comments to Decrypt and said that it plans to switch to a non-escrow system in the future. There’s no bigger player than Magic Eden in the Solana NFT space. Launched last fall, the marketplace routinely commands 90% or more of all trading volume on Solana and has turned that dominance into a $1.6 billion val ...

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