Magic Eden has unveiled three major new initiatives to improve its NFT ecosystem: a revamped rewards program now live on the Solana blockchain, open-sourcing of its NFT protocols by contributing them to the Non-Fungible DAO, and a soon-to-be globally released universal cross-chain wallet currently in beta testing.
The upgraded rewards program is aimed at expanding Magic Eden’s reach across various blockchains like Ethereum, itcoin">Bitcoin, and Polygon by offering quests and benefits to NFT collectors and creators participating in those chains. By open-sourcing its tools and contributing them to the community-owned Non-Fungible DAO, Magic Eden seeks to advance decentralization and strengthen the wider NFT ecosystem across multiple blockchains.
The cross-chain wallet, which has already seen over $1.9 billion in trading volume during its beta testing, will allow smooth cryptocurrency exchanges across Solana, Ether, itcoin">Bitcoin, and Polygon when it has its full global launch by the end of January. Users can expect alluring rewards.
Through these three major initiatives focused on rewards, open-source development, and a cross-chain wallet, Magic Eden continues to actively shape the NFT space, compete in the market, and contribute to the evolution and advantages of digital assets across different blockchains.
