HOW TO MINT IN MAGIC EDEN LAUNCHPAD: TIPS AND TRICKS
Magic Eden is one of the best-known marketplaces in the NFT world as their launchpad. This recognition makes minting your collection on Magic Eden's launchpad the perfectoption to ensure a SoldOut and get more users interested in your NFT collection.
Although the most prominent blockchain within Magic Eden is Solana, the Polygon, Ethereum and Bitcoin NFT projects that have been minted on its launchpad have also had incredible results.
That's precisely why we are here so that you can be one of them and take your NFTs to the top. Read on; we are going to explain to you exactly what you have to do to be accepted and be able to mint in Magic Eden's launchpad. In addition, we will give you tips and tricks to improve your results.
WHAT IS MAGIC EDEN LAUNCHPAD
As you may know, a Launchpad within the NFT sector is a website that operates a smart contract, which allows NFTs to be minted on the blockchain.
Therefore, Magic Eden's Launchpad is their own launchpad, where they allow creators of all kinds to mint their NFT collections, always under the premise that these creators have passed their filters, so they are of quality.
In addition, although Magic Eden's Launchpad started supporting only Solana NFT collections, currently it also mints Polygon, Ethereum and Bitcoin NFTs. Looking ahead we expect even more to be added, such as Cardano.
It certainly provides an exciting solution to all of us who create NFT collections, for the simple fact that it saves us the effort of having to make our own Smart Contract for minting. In addition, it gives us visibility and authority.
Note that to list your collection in Magic Eden, you don't need to mint in their launchpad. They are different things, so you can mint in other ways and then list your NFTs in the marketplace so that users can buy and sell them.
Of course, if you mine in its launchpad your collection will be listeddirectly in Magic Eden. Although we will see the pros and cons of minting in Magic Eden's launchpd later on.
HAVE YOU THOUGHT ABOUT OTHER OPTIONS?
Select the blockchain your Project is on, and we will show you its Best Launchpads.
HOW MUCH DOES MAGIC EDEN'S LAUNCHPAD CHARGE FOR MINT
Now that we know exactly what it is and we can have an idea of the problems it solves, it is time to understand how much it will cost us, that is to say, what are the Fees or commission that Magic Eden receives for minting our NFT collection in its launchpad.
Magic Eden Launchpad has a 10% commission of our mint when we use their platform. This fee is not fixed and depends on the project, but it is the basic cost for minting in Magic Eden Launchpad.
Keep in mind that depending on the characteristics of your particular case, you will have more or less capacity to negotiate and reach an agreement with their team.
Knowing this, the question is:Is it worth paying 10% of our mint to Magic Eden Launchpad?
IS THE MAGIC EDEN LAUNCHPAD WORTH IT?
The answer is very personal and depends entirely on your particular case. So we can't tell you if it's worth it or not, but we will give you a list of profits and cons so you can decide for yourself!
✅ BENEFITS MAGIC EDEN LAUNCHPAD
Our NFT project will gain prestige
Our NFTs will have more visibility
We will participate in their Twitter Space
They will do the mint for us
We will save money on Development
❌ CONS LAUNCHPAD MAGIC EDEN
It is not easy to be accepted
They will take a 10% of our mint
Certain requirements must be met
Funds sent to an exchange with KYC
NFT collection with OCP
Do you think it's worth it? If yes, let's go for more details to get you accepted!
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MAGIC EDEN LAUNCHPAD REQUIREMENTS
Although there are no guidelines with the minimum requirements to access the Magic Eden launchpad, we can know certain aspects that we will need to be accepted. It should be noted that depending on the demand of the moment, your chanceswill vary, go to their website and check the projects they have recently launched to get an idea.
A priori, it will be morecomplicated to be accepted in Solana compared to the rest of the blockchains, again because of Magic Eden's influence on Solana. It is possible that the situation will be more even if Magic Eden gets more market share in the rest of the networks.
WHAT ARE THE REQUIREMENTS TO BE ACCEPTED IN ME LAUNCHPAD?
Have a great community both on Discord and Twitter
In the NFT industry, Discord and Twitter are the most important social networks for an NFT collection. It is the first thing the Magic Eden team will consider to accept you. Don't try to apply to Launchpad until you have a good community.
Your designs must be attractive and original.
It is more than evident that the first thing that enters through the eyes is the image. If we have unique and attractivedesigns we will attract attention, this will always play in our favor.
Have a good Roadmap and Utilities
Magic Eden is interested that you have the best result in your mint since they take a Fee. So they will ensure that your value proposition is good enough to attract the attention of investors.
Ensure you write a good roadmap with attractive and differential utilities that will not leave anyone indifferent!
The team must be transparent
This is something Magic Eden emphasizes. It wants your project to clearly show whoispart of theteam and what roles each member fulfills.
Your website must convince
Not all NFT projects have a website, but it is a keypoint that makes the difference. We have to see it as our showcase, that is, the better it is, the better impression we are going to give and the more the user will want to learn more.
If we add to the web the sample of some of the tools that we are going to offer, even better since we will demonstrate solidity.
HOW TO MINT MY NFT COLLECTION IN MAGIC EDEN LAUNCHPAD
Now that we have all the information we need and we have decided to go ahead taking into account the pros and cons of using Magic Eden's launchpad, it is time to go into the tricks that will get us accepted. But first, we will make a compilation of frequently asked questions that may arise.
FREQUENTLY ASKED QUESTIONS
WHAT IS THE COMISSION OF MAGIC EDEN LAUNCHPAD? FEES
Magic Eden has a 10% fee of our mint when we use their Launchpad. This fee is not fixed and is negotiable depending on the project.
IS IT NORMAL THAT MAGIC EDEN DOES NOT ANSWER TO MY FORM?
Magic Eden only responds to applications they are interested in. If several days go by and you do not receive any contact from them, you have not been accepted.
WHAT CAN I DO IF MAGIC EDEN REJECTS MY APPLICATION?
According to Magic Eden, you can reapply for the launchpad once you have been rejected and it is possible that you will be accepted. However, we recommend that you apply once you have a fairly large social media following, as it is rare to be accepted once you have already been rejected.
IS THE MAGIC EDEN LAUNCHPAD WORTH IT?
The answer is very personal and depends on your particular case. But we must be clear that they will bring us great value in marketing our NFTs.
TRICKS FOR MAGIC EDEN LAUNCHPAD
There is no trick to ensure that Magic Eden will accept you for its launchpad, but here are somekeys that will undoubtedly make a difference and bring you closer to your goal.
Keep in mind that these tricks feedback on each other, i.e. you have to apply everything to develop evenbetter marketing of your collection.
ACTIVE COMMUNITY ON DISCORD AND TWITTER
Magic Eden does not want you to have a community based on bots or people interested in sweepstakes. They are looking for active communities that ensure success in mint. Therefore they will pay a lot of attention to the community you have created both on Discord and Twitter.
A good community implies that you have similar numbers in both networks. Both in number of followers and interactions (in the case of Discord, reactions in the ads), also with responses to tweets and activechat within Discord.
Of course, there are ways to make your numbers look bigger than they really are, but it's not worth it, as they will notice. Besides, at the end of the day, having a big community is positive for your project, so you should strive to grow it.
GET PARTNERSHIPS
One thing that makes the difference between a top project and a normal project is its partnerships. All successful NFT collections have partnerships with other well-knownprojects in the crypto sector that bring utility to their holders.
Whatever your project is, look for partnerships that fit and try to close them at all costs. Remember that what matters is the quality of the partnership, don't close deals that don't make sense or don't contribute anything.
PEOPLE SHOULD TALK ABOUT YOU
The NFT market is driven by DAOs and influencers. In other words, if you want to be a successful NFT collection, you have to get people to talk about you, to recommend you.
The hype will snowball and grow, but you need to get that hype, which is the hardest thing to do when you start. You can do it by paying or by having a project that no one wants to miss (for its art and usefulness), although most commonly both.
MAGIC EDEN LAUNCHPAD TIPS
Although we have told you the tricks, we do not want to stop there, we are going to give you some tips regarding Magic Eden's launchpad that we think are necessary.
THEIR REJECTION DOES NOT MEAN YOUR FAILURE
It should be noted that if Magic Eden rejects you for their launchpad, it does not mean that your NFT collection will fail. The rejection can be due to many factors, although the most frequent is that your project is not yet at a big enough point or that they don't find your roadmap and utilities sufficient.
Don't worry, it 's not the end, they are not always right. In fact, most successful NFTs have not used their launchpad.
THERE ARE MORE OPTIONS
The Magic Eden Launchpad is not your only option for your mint. You can make your ownmint site or use otherlaunchpads that better fit your project.
In fact, it is quite possible that you have seen the pros and cons we previously mentioned and have doubts. Evaluate all your options and select the one that best suits your needs or objectives.
MAKE THE MOST OF THE OPPORTUNITY
If you finally decide to apply for the Magic Eden launchpad, make the most of it. They will give you visibility and authority you didn't have, use it to your advantage and exploit your NFT collection even more.
Not only will you have moreresults, but you will also have the option to close more deals with them later on, where you can make other types of post-mint partnerships.
MAGIC EDEN LAUNCHPAD TUTORIAL STEP BY STEP
Let's see how to apply and make our application to Magic Eden Launchpad step by step. We start directly from their website, magiceden.io.
From the Magic Eden homepage, we will open the left tab that says "Creators". There we will click on "Apply for Launchpad", which will directly open the application form for Magic Eden Launchpad.
The form is relatively simple, so let's go for it.
We started with the selection of blockchain and the name of our project; nothing to comment on that.
Next, we have the description of the project. Keep in mind that it should be complete but not too long, but above all, it should let us know what our collection is about and give us reasonstoinvest. Remember that this description will be used in the launchpad, so you should take your time to make it as correct as possible.
Let's continue with the team members. Be as specific as possible, tell all backgroundofeachmember and share their socialmediaprofiles. This information also appears on the launchpad page.
We continue with the supply, the mintprice and the mintdate. They do not have to be definitive, but we must give an estimate.
The next step is to provide our Twitter and Discord links. In addition to a contactemail and a Discordcontactaccount.
The next section is about our art, we should share some illustrations of our NFT. Share the most original and striking you have in your collection.
Finally, we are asked an open question about adding something. We recommend that you go a little deeper and give reasons why they should accept you. You don't need to overdo it either, be clear and concise.
Finally, they ask us how we discovered their launchpad. Nothing relevant for them to be accepted.
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CONCLUSION
We've already told you everything you need to know about Magic Eden's launchpad. Now it's time to take action; create an amazing project, grow your community and take it to the top.
We hope this post has been helpful and, above all that you will mint soon on the Magic Eden Launchpad!
CEO & Co-Founder Smithii. Building on Solana since 2021 and passionate to share my experience on Solana projects. Founder of Lince and RECC, bringing Real World Assets to Solana.
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