Magic Eden and Genopets release the new-concept SFT market


The main Solana-powered NFT platform Magic Eden is rolling out a brand new theory of a semi-fungible token (SFT) market in collaboration with Genopets, the move-to-earn NFT sport.

A semi-fungible token permits Genopets players to industry like-for-like in-game property in batches, whilst NFT gives buying and selling one-of-one pieces, which results in a couple of useless transactions (and charges) in an try to industry a number of in-game items without delay.

The partnership will transform advisable for the Genopets crafting economic system, permitting customers to procedure Crystals and Terraform Seeds by the use of the Magic Eden market within the type of SFTs. 

 “Crystals are base layer fabrics used for crafting different pieces, whilst Terraform Seeds permit avid gamers to make aesthetic customization and function upgrades to adapt their Genopets’ habitats,” Genopets customers give an explanation for.

The brand new SFT market makes use of Serum’s agnostic orderbook to check property and facilitate transactions. This will likely make it conceivable to switch some web2 gaming mechanics rules like “stacking” to the blockchain. In a couple of phrases, avid gamers will have the ability to stack their characters, clothes, guns, and different alike merchandise in combination to industry them as one SFT.

We’re delighted to paintings with Magic Eden to proceed pioneering the way forward for Web3 video games via being one of the most first video games on Solana to roll out environment friendly token generation and sport mechanics that permit avid gamers to meaningfully create and transact worth,” Albert Chen, CEO, and Co-Founding father of Genopets commented at the partnership and SFTs.

Are you in a position to check the web2 mechanics in web3 gaming? The brand new SFT market via Magic Eden will empower extra top-tier web2 video games to switch their tasks to the blockchain, in addition to different NFT marketplaces to SFT adoption.

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