Following the footsteps of Magic Eden by going multi-chain, the famed energy-efficient Solana marketplace, Exchange.art, is growing its family of digital assets, welcoming Ethereum NFTs on August 1 — but primarily focusing on art.
Quick Takes:
- Solana marketplace Exchange.art will soon embrace Ethereum-based assets.
- The platform will highlight numerous new artists as a consequence, including Patrick Amadon and Amber Vittoria.
- Ethereum currently leads the NFT market, strengthening Exchange.art’s position in the NFT arena.
Bridging Blockchains for an NFT Showdown
Artists often add blockchains to better market their works. By going multi-chain, Exchange.art will soon concurrently leverage two large NFT ecosystems, assisting toward the platform’s primary goal of becoming a digital art world centerpiece.
The Solana-Ethereum mashup will highlight numerous Web3 artists, including the renowned Ethereum-based artists Patrick Amadon from Sotheby’s ‘Glitch Art’ sale and artist Amber Vittoria.
Exchange.art’s multi-chain venture is a tactical move. Ethereum currently leads the NFT market with a 24-hour trading volume of $10.2 million, thus has the ability to strengthen Exchange.art’s stance in the NFT world. Solana lags with an around-the-clock trading turnover of $920,000.
Inception to Ethereum Integration
Since launching in 2021, Exchange.art has brought 16,000 Solana-based artists to its hub of digital delights, amassing an impressive $13 million in sales.
Showcasing commitment to protect artists’ interests, spurred mainly by the vague territory of royalty payments, Exchange.art launched a royalties protection standard, ensuring ongoing earnings for creators across different sectors.
Moreover, the platform debuted Code Canvas in March, a spin-off platform to aid Solana-based curators in minting generative art collections.
Now on a mission to expand its target market, Exchange.art’s blend of two significant digital art ecosystems will offer an array of options for artists and collectors alike, playing a pivotal role in the future of NFT trading, with more auctions, offers and editions coming soon!
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