Magic Eden

Magic Eden

Magic Eden

Magic Eden

Welcome to Magic Eden, a highly selective and community focused NFT marketplace that supports both the Solana and Ethereum blockchains. Submit a project to the exclusive Launchpad (that only accepts 3% of all minting applications) or make secondary trades with items from NFT games. If you want to get more involved then seek out a Magic Ticket and get direct access to the MagicDAO.

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Asset Class Return1Y

#8 Rank

In NFTs30d


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Magic Eden is an NFT marketplace that supports minting and trading on both the Ethereum and Solana blockchains. Additionally, Magic Eden offers a selection of NFT games. They had a recent 1.6 billion dollar vaulation and raised a series B funding round of $130 million. Magic Eden also has a partner project (Psychedelics Anonymous) as well as a Discord based DAO (MagicDAO). They pride themselves on a vibrant online community and a highly selective offering of NFTs. 

Things to Know

  • You make money on


  • Fees

    Magic eden has 2% fee on all transactions, but there are also Royalties fees which are paid to and determined by artists. The Royalities fees are paid immediately after a sale and vary artist to artist.

  • Min Investment


  • Payout frequency

    Asset Sold

  • Term of investment


  • Target Return


  • Liquidity


  • Open to

    All Investors

  • Mobile Application

    iOS, Android

Top Perks

  • Creators get ultralow min offers, retain royalties

  • NFT fans: Enjoy low-fee trading experience

  • Curated offerings of NFTs

See inside MoneyMade’s 6-figure multi-asset portfolio


12+ Assets

50+ Platforms

4yr+ Returns

How you make money

Trade exclusive NFTS on both the Ethereum and Solana chains and make money as the value of your assets increase. If trading isnt really your style, then try your hand at minting and make money as your digital creations becomes the next big thing.

How Magic Eden makes money

Magic Eden makes money by taking 2% of the cost of all transactions on their platform. They are widely celebrated for their fees being low and reasonable.

Is it safe?

Magic Eden’s primary risk is that it involves NFTs. NFTs are an incredibly risky asset that has attracted swaths of investors. Magic Eden has received $130 million in funding and institutional investors seem to be pretty confident in the success of the platform. In addition, Magic Eden offers low transaction fees that makes a bad trade sting a little less. They also claim to be a web3-first and community-focused enviroment which could bring price stability and consistent demand. However, no matter where you trade them, NFTs are a high-risk investment asset.

  • Established


  • Country Available


  • Assets Managed


How you’re taxed

Capital Gains

Capital Gains

Income Tax

Income Tax

There are two tax considerations to be had when purchasing NFTs:

Buying an NFT using Crypto
When The IRS states that “if you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss.”

For example - if you purchased a unit of ether for $100 in 2018, it would now be worth around $1,700. If you used that ether unit to buy a $1,700 NFT, you would have to pay tax on the gain of $1,600 as part of the NFT purchase. You would owe the IRS — assuming a top capital gains rate of 20% — a tax of $320. You’re not spending currency, you’re spending an appreciated asset.

Selling an NFT for profit.  
Profits earned from the sale of NFTs, the same as crypto, are taxed like stocks (short and long term capital gains). Whenever you sell an NFT, you incur a capital gain or loss. For example, if you bought an NFT for $10,000 of ETH (this is your cost-basis) and then sold it for $15,000 of ETH, you would incur a taxable capital gain of $5,000.


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