Magic Eden Unleashes Trio of Transformative NFT Initiatives

Right now, Magic Eden unveiled a trifecta of serious initiatives to reinforce its NFT ecosystem: a brand new rewards program, open-source improvement, and world cross-chain pockets. 

Every new step highlights Magic Eden’s dedication to broadening the affect, accessibility, and benefits of NFTs — reinforcing its place as a number one secondary market. 

The NFT ecosystem’s new enhanced rewards program is now reside on the Solana blockchain!

Revamped Rewards Program

Magic Eden’s upgraded rewards program, now on the Solana blockchain, is ready to develop its attain to embody Ethereum, Bitcoin, and Polygon networks.

As a part of its mission, the platform strives to supply quests and benefits to its members, in the end benefiting each collectors and creators who take part throughout numerous blockchains.

Open-Sourcing Instruments

Recognizing the significance of decentralization for NFT adoption, it’s open-sourcing its NFT protocols and contributing them to Non-Fungible DAO.

Non-Fungible DAO, powered by $NFT, is a community-owned group with a mission to develop NFT commerce protocols.

Decentralization is crucial to the worldwide adoption of NFTs. Magic Eden will likely be open-sourcing and contributing all of its NFT buying and selling and minting protocols to Non-Fungible DAO. https://t.co/5gUzwqdDnh

— Magic Eden 🪄 (@MagicEden) January 22, 2024

Common Cross-Chain Pockets

What’s extra, Magic Eden’s cross-chain pockets — which has been in Beta testing since late 2023 and boasts over $1.9 billion in secondary buying and selling quantity — affords a compelling different to wallets comparable to MetaMask, Rainbow, Phantom, and xVerse. 

Designed for NFT collectors buying and selling on a number of blockchains, the pockets permits swift cryptocurrency exchanges throughout Bitcoin, Solana, Ether, and Polygon. 

By way of every transformative initiative, Magic Eden is actively shaping the NFT panorama, competing available in the market, and contributing to the evolution and perks of digital property on-chain. Keep tuned for extra updates!