Magic Eden NFT marketplace will now support Solana's compressed NFTs (cNFTs), offering a cost-effective and scalable option for digital collectibles.
Unlike traditional Solana NFTs, cNFTs have their data stored off-chain, making mass production more feasible due to lower minting fees. Up to 1 million NFTs can be minted for around $110.
Magic Eden believes that cNFTs can attract a broader audience by reducing the financial barriers to entry.
Magic Eden believes that cNFTs can attract a broader audience by reducing the financial barriers to entry.
