Magic Eden and Genopets have teamed up on SFTs.
Magic Eden and Genopets have teamed up on SFTs.
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Magic Eden introduces semi-fungible tokens (SFTs) marketplace with Genopets

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

Magic Eden has introduced its “semi-fungible token” (SFT) marketplace with the blockchain game Genopets.

I’ll explain the SFT in a second, but you can think of it as a new take on non-fungible tokens (NFTs), which use the blockchain to authenticate unique digital items. Depending on who you talk to, NFTs could either revolutionize gaming with player ownerships or become a new way to fleece gamers.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.