Today, Magical Eden unveiled a trifecta of major initiatives to improve its nft ecosystem: a new rewards program, open source development, and a global cross-chain wallet.
Each new step highlights Magic Eden's dedication to expanding the influence, accessibility and benefits of NFTs, strengthening its position as a leading secondary marketplace.
According to a recent press release, the new improved nft ecosystem rewards program is now live on the Solana blockchain!
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Renewed rewards program
Magic Eden's updated rewards program, now on the Solana blockchain, will expand its reach to encompass the ethereum, bitcoin, and Polygon networks.
As part of its mission, the platform strives to offer missions and benefits to its members, ultimately benefiting both collectors and creators participating in various blockchains.
Open source tools
Recognizing the importance of decentralization for nft adoption, it is opening up its nft protocols and contributing them to the Non-Fungible DAO.
Non-Fungible DAO, powered by $nft, is a community-owned organization with the mission of developing nft trading protocols.
Decentralization is essential for global nft adoption. Magic Eden will be open source and will contribute all of its nft minting and trading protocols to the Non-Fungible DAO. https://t.co/5gUzwqdDnh
— Magical Eden (@MagicEden) January 22, 2024
Universal Cross Chain Wallet
What's more, the Magic Eden cross-chain wallet, which has been in Beta testing since late 2023 and boasts over $1.9 billion in secondary trading volume, offers a compelling alternative to wallets like MetaMask, Rainbow, Phantom, and xVerse. .
Designed for nft collectors operating on multiple blockchains, the wallet allows for fast cryptocurrency exchanges in bitcoin, Solana, Ether, and Polygon.
Through each transformative initiative, Magic Eden is actively shaping the nft landscape, competing in the market, and contributing to the evolution and advantages of on-chain digital assets. Stay tuned for more updates!
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