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Magic Eden Units To Prolong Its Diamond Reward Program To ETH NFT Holders In March


Magic Eden, the cross-chain non-fungible token market platform, has introduced plans to increase its just lately launched diamond reward program to Ethereum non-fungible token holders. The now extremely awaited incentive program extension is ready to begin this coming month.

Magic Eden To Prolong Its Reward Program To ETH NFT Holders

In a February 22 weblog put up, Magic Eden confirmed plans to increase its Diamond Reward Program to buyers holding Ethereum-based non-fungible token collections. The now extremely anticipated NFT incentive program is scheduled to kick off on March 13, 2024.

Launched in 2021, Magic Eden is a digital asset market platform permitting customers to find, commerce, and create non-fungible token collections. Magic Eden initially began as a Solana-based NFT market platform, nevertheless it has since expanded its help to different blockchain networks like Polygon, Ethereum, and Bitcoin.

Since its inception, Magic Eden has grown into one of many largest NFT marketplaces with over 8,000 collections, about $1.9 billion secondary buying and selling quantity, and over 22 million distinctive month-to-month guests. In June 2022, Magic Eden raised $130 million in a Sequence B spherical that granted it unicorn standing. On the time, the NFT market had a market valuation of round $1.6 billion.

Magic Eden

Magic Eden Diamond Reward Program Defined

Magic Eden launched its Diamonds Reward Program for Solana NFT holders late final month. The variety of Diamonds tokens earned decided the variety of rewards and the quantity of a future airdrop. The NFT market additionally decided the quantity of Diamond airdrops based mostly on the customers’ exercise for the reason that market’s inception.

In that case, the extra buyers traded Solana NFTs on Magic Eden previously three years, the extra retroactive Diamonds they obtained. The amount of Diamonds additionally trusted the whole buying and selling quantity. Furthermore, NFT collectors might additionally maximize the Diamonds airdrops by buying native listings on the Magic Eden NFT market.

Buying and selling NFTs on Ethereum, Solana, Bitcoin, and Polygon blockchains additionally allowed customers to get retroactive Diamonds. Magic Eden requires customers to keep up 100% loyalty to obtain a most Diamond Bonus. Beginning March 13, all Ethereum NFT holders can declare their Diamonds tokens.

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