NFTs News

SFT Launches Are Now Supported By Magic Eden Launchpad

Currently, Magic Eden has announced a collaboration with SFT for the release of their brand new graphic novel CORE Episode #1.
SFT Launches Are Now Supported By Magic Eden Launchpad 3

SFT stands for Semi-Fungible Token, a kind of digital asset that may be minted/traded in multiples of one. In contrast to NFTs, many SFTs can share the same mint address.

Gamers and game developers will be the primary users of SFTs if they include the following features:

  • For gamers, SFTs integrate typical web2 gaming elements, such as “stackable” assets, into the blockchain. When in-game assets are not 1:1 and may be redeemed in larger amounts, SFTs are a helpful technique to “stack” like-for-like items in the player’s inventory.
  • For creators developing games on the blockchain, SFTs reduce the resources required for players to efficiently mint and transact during gaming for producers producing blockchain games. Solana SFTs share a “Mint Account,” resulting in less storage utilized per asset and reduced minting expenses.
SFT Launches Are Now Supported By Magic Eden Launchpad 4

The Star Atlas is CORE graphic novel series based on the story of Star Atlas, a future open-world MMO game set in the year 2620 and constructed in Unreal Engine 5 on the Solana blockchain.

This novel series will be available shortly on Magic Eden Launchpad, according to a recent collaboration announcement. SFTs users may now have their Star Atlas Core Episode #1 on Magic Eden Launchpad.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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