HOW TO MINT ON MAGIC EDEN LAUNCHPAD: TIPS AND BEST PRACTICES
Magic Eden is one of the best-known marketplaces in the NFT world, just like its launchpad. That recognition makes minting your collection on Magic Eden’s launchpad the ideal choice to secure a Sold Out and attract a huge number of users interested in your NFT collection.
Although Solana is the most prominent blockchain on Magic Eden, NFT projects from Polygon, Ethereum, and Bitcoin that have minted through its launchpad have also delivered incredible results.
That is exactly why we are here: so you can become one of them and take your NFTs as far as they can go. Keep reading. We will show you exactly what you need to do to get accepted and mint on Magic Eden’s launchpad. We will also share practical tips to help you get better results.
WHAT IS MAGIC EDEN LAUNCHPAD?
As you probably know, a Launchpad in the NFT space is a website that runs a smart contract, which allows NFTs to be minted on the Blockchain.
So Magic Eden’s Lauchpad is its own launchpad, where creators of all kinds can mint their NFT collections, as long as they pass Magic Eden’s filters and meet its quality standards.
Also, while Magic Eden’s Launchpad initially supported only Solana NFT collections, it now also mints NFTs on Polygon, Ethereum, and Bitcoin. Looking ahead, we expect even more chains to be added, such as Cardano.
It clearly gives everyone creating NFT collections a very useful solution, simply because it saves us from having to build our own Smart Contract for minting. It also gives the collection visibility and credibility.
Keep in mind that you do not need to mint through its launchpad to list your collection on Magic Eden. These are separate things, so you can run the mint another way and then list your NFTs on the marketplace so users can buy and sell them.
Of course, if you mint through its launchpad, your collection will be listed directly on Magic Eden. We will cover the pros and cons of minting through Magic Eden’s launchpad later.
HAVE YOU CONSIDERED OTHER OPTIONS?
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HOW MUCH MAGIC EDEN’S LAUNCHPAD CHARGES PER MINT
Now that we know exactly what it is and the problems it solves, the next question is cost. In other words, what fees or commission Magic Eden takes when we mint our NFT collection through its launchpad.
Magic Eden Launchpad charges a 10% commission on your mint when you use its platform. This fee is not fixed and depends on the project, but for base, this is the cost you can expect when minting on Magic Eden’s Launchpad.
Keep in mind that, depending on the specifics of your project, you may have more or less room to negotiate and reach a custom agreement with their team.
With that in mind, the question is: is it worth paying 10% of your mint to Magic Eden Launchpad?
IS MAGIC EDEN LAUNCHPAD WORTH IT?
The answer is highly personal and depends entirely on your specific situation. So we can’t tell you whether it’s worth it or not, but we can give you a clear list of benefits and drawbacks so you can decide for yourself.
✅ MAGIC EDEN LAUNCHPAD BENEFITS
Our NFT project will gain credibility
Our NFT will get more visibility
We’ll join their Twitter Space
They’ll handle the mint for us
We’ll save on development
❌ CONS OF LAUNCHPAD MAGIC EDEN
Getting accepted is not easy
They take 10% of our mint
We need to meet specific requirements
They send the funds to a KYC exchange
NFT collection with OCP
What do you think? Is it worth it? If yes, let’s get into the details so you can improve your chances of getting accepted.
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MAGIC EDEN LAUNCHPAD REQUIREMENTS
Although there are no official minimum requirements to mint through Magic Eden’s launchpad, we can still identify a few things you’ll need to improve your chances of getting accepted. Keep in mind that your odds will change depending on demand at the time, so check their site and review the projects they have launched recently to get a clearer benchmark.
At first glance, getting accepted on Solana will be more difficult than on other Blockchains, again because of Magic Eden’s influence on Solana. That may become more balanced if Magic Eden gains market share across other networks.
WHAT YOU NEED TO GET ACCEPTED INTO THEIR LAUNCHPAD
Build a strong community on both Discord and Twitter
In the NFT space, Discord and Twitter are the most important social channels for an NFT collection. That is definitely the first thing the Magic Eden team will check before accepting you. Do not apply to the launchpad until you have a solid community.
Your artwork needs to be original and visually strong
It is pretty obvious that visuals are what people notice first. If your designs are unique and eye-catching, you will grab attention, and that will always work in your favor.
Build a Strong Roadmap and Clear Utilities
Magic Eden wants your mint to perform as well as possible because they collect a fee. That means they will care about whether your value proposition is strong enough to catch investors’ attention.
Make sure you write a strong roadmap with utilities that are attractive, distinctive, and hard to ignore.
Your Team Needs to Be Transparent
This is something Magic Eden emphasizes. They want your project to clearly show who is on the team and what role each member plays.
Your Website Has to Sell the Project
Not every NFT project has a website, but it is a key factor that can set you apart. Think of it as your storefront: the better it looks, the stronger the first impression, and the more likely users are to keep digging into your project.
If we also add a preview of one of the tools we plan to offer on the website, even better. It shows substance.
HOW TO MINT MY NFT COLLECTION ON MAGIC EDEN LAUNCHPAD
Now that we have all the information we needed and have decided to move forward after weighing the pros and cons of using Magic Eden’s launchpad, it’s time to get into the tactics that can seriously improve our chances of getting accepted. First, let’s quickly cover the common questions that may come up.
FAQ
¿CUÁL ES LA COMISIÓN DEL LAUNCHPAD DE MAGIC EDEN?
Magic Eden tiene una comisión del 10% de nuestro mint cuando usamos su Launchpad. Este fee no es fijo y es negociable en función del proyecto.
¿ES NORMAL QUE MAGIC EDEN NO RESPONDA MI SOLICITUD?
Magic Eden sólo responde las solicitudes que les interesan. Si pasan varios días y no recibes ningún contacto por su parte significa que no has sido aceptado.
¿QUÉ PUEDO HACER SI MAGIC EDEN RECHAZA MI SOLICITUD?
Según Magic Eden indica puedes volver a enviar una solicitud para el launchpad una vez te hayan rechazado y es posible que te acepten. Pese a esto te recomendamos hacer tu solicitud una vez que tengas unos números medianamente grandes en redes sociales, ya que es extraño que te acepten una vez ya has sido rechazado.
¿MERECE LA PENA EL MAGIC EDEN LAUNCHPAD?
La respuesta es muy personal y depende de tu caso particular. Pero debemos tener claro que nos aportarán un gran valor en relación al marketing de nuestros NFT.
TACTICS FOR MAGIC EDEN’S LAUNCHPAD
There is no trick that guarantees Magic Eden will accept us for its launchpad, but here are some key moves that will definitely make a difference and bring you closer to that goal.
Keep in mind that these tactics build on each other. In other words, you need to apply all of them to make your collection’s marketing even stronger.
ACTIVE COMMUNITY ON DISCORD AND TWITTER
Magic Eden doesn’t want a community built around bots or people only showing up for giveaways. They look for active communities that can drive a successful mint. That means they’ll pay close attention to the community you’ve built on both Discord and Twitter.
A solid community means you have similar numbers across both channels. That applies to followers and engagement (on Discord, reactions to announcements), as well as replies to tweets and an active chat inside Discord.
Of course, there are ways to make your numbers look bigger than they really are, but it’s not worth it because they’ll notice. Besides, a strong community is ultimately good for your project, so you should simply put in the work to grow it.
LAND PARTNERSHIPS
One thing that separates a top-tier project from an average one is its partnerships. Every successful NFT collection has partnerships with other well-known projects in crypto that bring utility to their holders.
Whatever your project is, look for partnerships that actually fit and do everything you can to close them. Just remember that quality is what matters. Don’t sign deals that make no sense or add nothing.
PEOPLE NEED TO TALK ABOUT YOU
The NFT market runs on DAOs and influencers. In other words, if you want to build a successful NFT collection, you need to get people to talk about you and recommend you.
Hype can snowball and keep building, but first you need to create that hype, which is the hardest part when you are starting out. You can do it by paying for exposure or by building a project that nobody wants to miss because of its art and utility, though most launches rely on both.
MAGIC EDEN LAUNCHPAD TIPS
We have already covered the main tricks, but we do not want to leave it there. Here are a few Magic Eden launchpad tips we think you need to know.
A REJECTION DOES NOT MEAN YOU FAILED
It is worth pointing out that if Magic Eden rejects you for its launchpad, it does not mean your NFT collection is doomed. Rejection can happen for many reasons, but the most common one is that your project is not big enough yet, or they simply do not think your roadmap and utilities are strong enough.
Do not stress. It is not the end, and they are not always right. In fact, most successful NFTs have not used their launchpad.
MORE OPTIONS ARE AVAILABLE
The Magic Eden Launchpad is not your only option for your mint. You can build your own mint site or use other launchpad that fit your project better.
You may have looked at the pros and cons we covered above and still have questions. Weigh all your options and choose the one that best fits your needs or goals.
MAKE THE MOST OF THE OPPORTUNITY
If you do decide to apply for Magic Eden’s launchpad, make the most of it. It will give you visibility and authority you didn’t have before. Use that to your advantage and push your NFT collection even further.
You will not only get better results, but you may also have the chance to close more deals with them later through other types of post-mint partnerships.
MAGIC EDEN LAUNCHPAD STEP-BY-STEP TUTORIAL
Let’s walk through how to apply and submit your Magic Eden Launchpad request step by step. We’ll start directly from their website: magiceden.io.
From the Magic Eden homepage, open the left-side tab labeled “Creators”. Then click “Apply for Launchpad”, which will take you straight to the Magic Eden Launchpad application form.
The form is fairly simple, so let’s get into it.
Start by selecting the Blockchain and entering your project name. Nothing complicated there.
Next, you’ll add the project description. Keep it complete but not too long. More importantly, make sure it clearly explains what your collection is about and gives people strong reasons to invest. Remember, this description will be used in the launchpad, so take the time to make it as strong and accurate as possible.
Next up: your team members. Be as specific as possible. Share the full background of each member and include their social media profile links. This information also appears on the launchpad page.
Now let’s cover the supply, mint price, and the mint launch date. They do not have to be final, but we need to provide an estimate.
Next, add the links to your Twitter and Discord, along with a contact email and a contact Discord account.
The next section is about your artwork. Share a few illustrations from your NFT. Use the most original and eye-catching pieces in your collection.
To wrap up, they give us an open-ended question in case we want to add anything. We recommend going a bit deeper and explaining why they should accept you. No need to overdo it either. Be clear and concise.
Finally, they ask how we discovered their launchpad. It will not really affect whether we get accepted.
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CONCLUSION
We have now covered everything you need to know about Magic Eden’s launchpad. Now it is time to take action: build an incredible project, grow your community, and take it to the top.
We hope this post helped you, and most of all, that you mint on the Magic Eden Launchpad soon!
CEO & Co-Founder at Smithii. Building on Solana since 2021 and sharing playbooks from the trenches. Also founder of Lince after years investing in DeFi.
