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The Exclusive Transition: Solana NFTs Marketplace Magic Eden Proposed To Build Apecoin NFT Marketplace For $Apes (BAYC, MAYC and BAKC)

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Solana has been making series of move towards ethereum blockchain even going as far as having a launchpad on opensea which operates in ethereum. Cryptocurrency and blockchain technology has put the digital era on another pedestal and we would go far without mentioning NFTs and their effects on public. Sometimes it is ridiculous to hear the amount of most Non fungible tokens, especially the Bored Ape Yatch Club, Mutant Ape Yatch Club that their prices leaves one drolling. It is known that ethereum gas fees are so expensive sometimes costing more than the purchase or deal at hand, we can just say it is for the rich and that's okay because it has been able to build the trust to be in the niche which it falls.

Some months back Solana made to headlines negatively the past months with
It's clock drift and network outrage that caused transactions delayed and some to be in loss. Solana which is always tagged as ethereum killer still drives into the blockchain going for the headshot but would see the outcome in time

Having heard about Magic Eden which is Solana NFTs top marketplace, and having announced its move to shift to ethereum market, is shooting for the vaulting pride of NFTs, Bored Ape Yatch Club, Mutant Ape Yatch Club. As the proposal itself is titled: A Marketplace for Apes, by Apes, built by Magic Eden. Source. Reading that line again sounds derogatory to a novice of any random person that comes across it because why would anyone build anything for apes as a human (my thoughts were out loud). The goal Solana is trying to achieve is create utility for Apecoin, if you can recall, Apecoin was airdropped on all Bored Ape hodlers. Magic Eden building ApeCoinDAO marketplace is to prove utility for the use of Apecoin also reducing transaction fee - of 0.75%, which takes into account a 1.5% base fee per trade, minus a 0.5% discount for trades made with $APE, and minus an additional 0.25% discount for trades made by holders of BAYC, MAYC or BAKC. Compared to the 2.5% that ape hodlers pay transaction, Magic Eden's proposal of 1.5% stands tall, speaking volume.

The Ape Improvement Program is a community movement proposed by Solana to help the community, all things being equal, it's all good for this that holds any ape because the sole purpose here is to always have some benefit of some kind. Magic Eden is ready to build the ApeCoinDAO in one month with the cooperation of it engineers and $Ape community approval.

Thanks for visiting my blog, till next time.

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