Magic Eden is collaborating with Spark to integrate a native settlement system that enhances Bitcoin trading by tackling slow transaction times and high fees. This partnership, announced via a press release, will enable efficient buying, selling, and earning of Bitcoin-native assets. Spark's infrastructure aims to deliver transaction finality in less than a second with minimal fees. The official collaboration kickoff will take place at BitGala on May 26, where both parties will engage with the Bitcoin community to explore expanded opportunities and tools for developers.
Magic Eden is integrating with Spark to enhance Bitcoin trading experiences, addressing transaction delays and fees, thereby streamlining the buying, selling, and earning of Bitcoin assets.
The integration aims for cost-effective and swift transactions, eliminating reliance on synthetic assets while allowing functionalities like stablecoin-to-BTC swaps.
Jack Lu, CEO of Magic Eden, states, 'We're going to lead the forefront of all Bitcoin DeFi to make BTC fast, fun, and for everyone with Magic Eden as the #1 BTC native app on-chain.'
David Marcus, CEO of Lightspark, notes that 'Spark is a completely agnostic protocol, it's purpose-built for developers to create the next generation of financial applications.'
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