Magic Eden Unleashes Cross-Chain Revolution: Reinventing NFTs Globally

SAN FRANCISCO – 23/01/2024 – (SeaPRwire) – In a groundbreaking move today, Magic Eden unveiled a sweeping array of advancements, including an upgraded rewards program and a cross-chain wallet, while embracing a mission to open source major protocols. These strategic initiatives mark a significant expansion of their platform’s capabilities, all aimed at propelling the NFT universe into new realms.

Magic Eden is set to redefine industry standards with the introduction of the comprehensive Magic Eden Rewards program—a cross-chain marvel that takes center stage in the NFT space. Commencing its journey on Solana, the program will soon extend its reach to ETH, BTC, and Polygon, offering a seamless cross-chain experience. This revamped rewards program caters to everyone, from avid collectors to visionary creators, featuring universal perks. The program introduces engaging quests that reward both new and existing community members.

In a move to foster industry-wide development, Magic Eden pledges its support to the Non-Fungible DAO, a community-owned organization dedicated to advancing NFT adoption and development through the $NFT token. Magic Eden goes a step further by committing to open-source and contribute major protocols, including its marketplace protocols across various chains, to this innovative organization.

Simultaneously, Magic Eden announces the expanded rollout of its cross-chain, self-custody wallet. Launched to a select group of users in late 2023, this wallet facilitates instant cryptocurrency swaps between Bitcoin, Solana, Ethereum, and Polygon. Designed with NFT collectors in mind, the wallet promises a faster and more seamless experience for collecting and trading across multiple chains. Notably, it stands as the first digital wallet integrated directly with an NFT platform. Users can soon anticipate earning rewards through the Magic Eden wallet, with global availability set for the end of January.

Zhuoxun ‘Zedd’ Yin, Co-Founder and Chief Operating Officer of Magic Eden, emphasized the company’s commitment to making digital ownership universal. This vision unfolds by expanding products—marketplace, wallet, rewards—across diverse chains and ecosystems. The long-term strategy aligns with the formation of Non-Fungible DAO, underscoring the power of open-source, community-controlled software to catalyze ecosystem growth.

Magic Eden envisions itself as the premier provider for cross-chain collectors, offering unparalleled depth and breadth. The platform’s foundation rests on community-governed, open-source protocols that are accessible to all. For continuous updates on the company’s expansion, innovation, and transformative experiences, stay connected on Twitter at twitter.com/MagicEden.

About Magic Eden

Magic Eden stands as the forefront cross-chain NFT platform, dedicated to creating a user-friendly environment for minting and collecting NFTs. Empowering users across digital communities, Magic Eden brings cultural moments onto the blockchain, allowing users to create, discover, and collect unique NFTs. For more information, visit magiceden.io.

SOURCE Magic Eden

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