Exodus Expands Solana Integration With New NTF Marketplace

The well-known wallet Exodus expands Solana integration with a new NFT marketplace that is powered by Magic Eden as we can see more in our latest blockchain news.

Exodus added Magic Eden’s NFT marketplace to the growing list of app integrations while it being the second biggest Solana NFT marketplace. Crypto wallet Exodus expands Solana integration after partnering with Magic Eden to integrate an NFT marketplace into the mobile app using the Solana blockchain. Uses could want a simpler way to interact and access their NFTs which is why Exodus said with the new feature, the collectors can transfer Solana-based NFTs right from their browser-based wallets or the Solana marketplace for their Exodus app.

Exodus is now the largest Solana NFT marketplace on mobile with the Exodus x @MagicEden_NFT app integration!

Download exodus to buy NFTs on your mobile device! https://t.co/8I9qpcKmrt#solana #NFT #SolNFT pic.twitter.com/G8gWhA1WKg

— Exodus (@exodus_io) December 17, 2021

Magic Eden is the second biggest NFT marketplace on the Solana Network with a current transaction volume of $267,14 million since the September 2021 launch according to the reports from analytics website DappRadar.com. Magic Eden has about half as many users as leading Ethereum NFT marketplace OpenSea but it processes twice as many transactions. The Magic Eden NFT marketplace in the Exodus Mobile app allows the users to search other collections of Solana NFTs and search by price range. The collectors can share their favorite NFTs with their friends on social media or transfer the NFT from a wallet to another wallet while in the app.

Solana is the main rival to Ethereum for DeFi and NFT applications because the developers prioritized high speed and low transaction costs which are sometimes at the expense of security and network uptime. Solana’s native coin SOL is the fifth biggest crypto by market cap according to CoinMarketcap.com. Exodus CEO and co-founder JP Richardson said the wallet company chose Solana over Ethereum in order to appeal to mainstream users:

“And so to think that on OpenSea, people are going to see a price of $40, $50, $60 in gas for maybe a $5 NFT. They’re going to freak out. So we chose Solana because of the transaction cost and speed. It just made sense to us.”

Adding the Magic Eden NFT marketplace is the latest move of Exodus in its Solana integration. A lot of users can now store Solana-based NFTs in the mobile app and earn staking rewards by holding SOL tokens on Exodus.
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Launched in 2015, the mobile app now supports over 150 digital assets and integration with the FTX exchange whose founder Sam Bankman Fried pushed Solana actively. Richardson said that while there are plans to integrate NFTs with desktop versions of Exodus, the focus is to make the best mobile experience for the users.