Immediately, Magic Eden unveiled a trifecta of vital initiatives to boost its NFT ecosystem: a brand new rewards program, open-source growth, and a worldwide cross-chain pockets.
Every new development, as detailed in a current press launch, underscores Magic Eden’s dedication to increasing the attain, accessibility, and advantages of NFTs by the utilization of cross-chain blockchain platforms.
Allow them to sleep. pic.twitter.com/A2XT51pTHF
— Magic Eden 🪄 (@MagicEden) January 22, 2024
Revamped Rewards Program
Magic Eden’s upgraded rewards program — now out there on the Solana blockchain — is about to broaden its attain to embody Ethereum, Bitcoin, and Polygon.
As half of its mission, the platform strives to supply quests and benefits to its members, finally benefiting each NFT collectors and creators who take part throughout various 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 important to the worldwide adoption of NFTs. Magic Eden can 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
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 — presents a compelling different to wallets corresponding 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 every transformative initiative, Magic Eden is actively shaping the NFT panorama, competing out there, and contributing to the evolution and perks of digital belongings cross-chain. Keep tuned for extra updates!
