Magic Eden Announces "Cross-Chain Rewards Program" | Wallet Launch Imminent

Magic Eden's latest announcement brings a wave of anticipation with the launch of its cross-chain rewards program and an innovative wallet.

Uncover the benefits of Diamond Rewards, how to earn them, and the strategic partnership with Non-Fungible DAO. Stay ahead in the NFT space with these breakthrough developments.

Introducing "Magic Eden Rewards," Supporting Multiple Chains

Magic Eden, an NFT marketplace compatible with multiple blockchains, including Solana (SOL), announced the launch of a new cross-chain reward program, "Magic Eden Rewards," on January 24, 2024.

Magic Eden Rewards is a multi-blockchain reward program designed to provide rewards to all NFT enthusiasts, collectors, and creators. It has been reported that starting from February 2, 2024, long-term users will be offered a special "Diamond Reward."

Initially launching on "Solana," the program plans to expand over several months to include blockchains like Bitcoin, Ethereum, and Polygon.

Diamond Rewards Based on Loyalty Score

The Diamond Rewards are distributed based on a "Loyalty Score." Users can achieve a 100% loyalty score through a series of simple steps, thereby receiving 100% of the rewards.

Users can earn Diamond Rewards by engaging in activities such as purchasing, listing, and making collection offers for NFTs. Additionally, the system will soon include various quests to earn more Diamond Rewards.

Furthermore, holders of "Magic Tickets," NFTs that are tradable on Magic Eden, are also expected to be integrated into the rewards system.

However, the official announcement clarifies that "this is not a promotion for Magic Tickets. The best way to receive benefits is by using Magic Eden daily, not by purchasing Magic Tickets."

Detailed information about Magic Eden Rewards can be found on the "Magic Eden Rewards official page" and the "Magic Eden Rewards help page."

"Magic Eden Wallet" Set for Upcoming Release

The announcement also included news about the imminent launch of the "Magic Eden Wallet," a self-managed, multi-chain compatible wallet.

Magic Eden Wallet, facilitating instant exchange of cryptocurrencies like Bitcoin, Solana, Ethereum, and Polygon, is expected to be globally available by the end of January.

After the release of Magic Eden Wallet, it will also be possible to earn Diamond Rewards through its use.

On January 23, Magic Eden also announced its collaboration with the decentralized autonomous organization "Non-Fungible DAO," managed by the "NFT" token, to open-source its minting and trading protocol.

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