Magic Eden Sets To Extend 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 lately launched diamond reward program to Ethereum non-fungible token holders. The now extremely awaited incentive program extension is about to begin this coming month.

Magic Eden To Prolong Its Reward Program To ETH NFT Holders

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

ETH OGs get your wallets prepared.

Diamond Declare 03.13. pic.twitter.com/YwPHtSkoAb

— Magic Eden 🪄 (@MagicEden) February 22, 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 Collection B spherical that granted it unicorn standing. On the time, the NFT market had a market valuation of round $1.6 billion.

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 primarily based on the customers’ exercise for the reason that market’s inception.

Introducing Magic Eden Rewards

We’ve spent the final yr designing a long run, cross-chain NFT rewards program constructed for everybody. This isn’t simply one other factors marketing campaign. It’s a meticulously crafted plan to offer again to Magic Eden’s OGs, collectors, creators, and degens alike.… pic.twitter.com/RQkJpoZEvi

— Magic Eden 🪄 (@MagicEden) January 23, 2024

In that case, the extra traders traded Solana NFTs on Magic Eden up to now three years, the extra retroactive Diamonds they obtained. The amount of Diamonds additionally trusted the full buying and selling quantity. Furthermore, NFT collectors may 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.

Magic Eden rewarding OG ETH NFT merchants 👀

Massive win for many who might have missed early Solana and BTC NFT motion.

Seems like ME Diamonds buying and selling for about $0.05 proper now, although on very small quantity. https://t.co/WmIQSnQsMj pic.twitter.com/WMgKVwkJZc

— TylerD 🧙‍♂️ (@Tyler_Did_It) February 22, 2024