Since being launched just a couple of months ago, Gate.io’s NFT Magic Box has seen nearly $4 million in sales volume with over 57,000 NFTs being sold on the platform. Over the last month, Gate.io has introduced several new NFT collections with some of the most promising up-and-coming artists in the space. Here’s what’s next:
Introducing Blockchain Interoperability
NFT Magic Box was built on Gate.io’s native GateChain ecosystem, making it easy and cost-effective to mint new NFTs on the platform. Recently, Gate.io announced a new feature for NFT Magic Box: blockchain interoperability. This means that the platform now supports NFTs built on Ethereum’s ERC-72 and ERC-1155 as well as Tron’s TRC-721 and BTFS protocols, making it possible for most of the world’s most popular NFT collections to be deposited and traded on the NFT Magic Box marketplace.
Bored Ape Yacht Club (BAYC) Is Coming To Gate.io
APENFT became the first major partner of NFT Magic Box, showing stellar results in the process. The launch of their ‘Tribute to KAWS’ NFT series in September saw a total of 1,000 mystery boxes sold to 322 NFT holders. The total transaction volume on the secondary market exceeded $270,000, with the highest price reaching $2,888, seeing a 3,676% premium.
Bored Ape Yacht Club (BAYC) and its offshoot Mutant Ape Yacht Club (MAYC) have received official certification on NFT Magic Box, allowing users to trade them on the platform. Gate.io will add support for more popular collections in the near future, enabling users to access and trade a wider variety of NFTs.
These collections will feature the ‘Official Certification’ badge and fall under the dedicated section on NFT Magic Box, ensuring users gain access to the correct, original artworks. Users are urged to bookmark the page and check back regularly for new releases.