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Magic Eden’s new cross-chain rewards program simply received sweeter. Along with incomes Diamonds for getting, itemizing, and gathering NFTs on the multi-chain market, at this time the platform launched its “Retro Diamond Drop.”
Each dealer energetic on Magic Eden for the reason that platform launched on Solana in September 2021 will have the ability to declare Diamonds, that are just like rewards factors. The quantity accessible for every person to say relies on quantity traded, variety of trades made, complete collections owned, and complete NFTs owned.
Additionally, when you have a 100% loyalty rating—that means your listings and swimming pools are on Magic Eden and no different market—then you’ll earn a 100% bonus in your Diamonds.
This drop is simply the cherry on high of its rewards program, the place customers have already been capable of declare Diamonds for finishing quests and logging on every day.
Simply claimed 400K @MagicEden diamonds on my major scorching pockets, gotta undergo the alts now, in the event you ever traded NFTs on Solana some diamonds are probably ready for you too
37,720 SOL in all time quantity traded on that one pockets since 2021, what a journey https://t.co/ewFyB69E5r pic.twitter.com/uV7aGhY1Wg
— WR☻NGUSER ✗ (@wronguser000) February 2, 2024
Introduced on January 23, Magic Eden Rewards was created to offer again to “everybody who contributed to the NFT group.” Its purpose was to ascertain a novel program that rewards everybody in NFTs—not solely merchants but in addition collectors. In contrast to most rewards packages that solely encourage itemizing and putting provides, this program additionally rewards customers for buying native listings on Magic Eden and accepting provides.
In response to a tweet from Magic Eden Common Supervisor Tiffany Huang, customers can declare Diamonds on each single pockets they’ve ever used on Magic Eden.
The Retroactive Rewards should not simply restricted to Solana. Diamonds, whereas at the moment solely accessible for Solana, will likely be prolonged to different chains quickly. They are going to be a part of Magic Eden’s upcoming Ethereum NFT market, poised to launch in late February. Then, the rewards may also be delivered to Bitcoin and Ethereum scaler Polygon.
Magic Eden’s Bitcoin account hinted at upcoming Bitcoin rewards on Twitter (aka X) at this time.
Huge congrats to the Solana OG’s claiming their retroactive Diamonds on @MagicEden at this time💎💎💎
We will not await Rewards to hit Bitcoin.🪄
Within the meantime, keep in mind that loyalty all the time will get rewarded. Previous, current, future. 👀 pic.twitter.com/A6Rk3sVSmD
— Magic Eden on Bitcoin 🟧 (@MEonBTC) February 2, 2024
“Loyalty will get rewarded. Previous, current, and future,” the account replied when a person requested if Bitcoin would get rewards as effectively.
The identical exercise that ties into the Diamond reward system may also apparently profit customers when the Non-Fungible DAO’s upcoming NFT token drops.
Introducing Non-Fungible DAO, powered by $NFT
Non-Fungible DAO will likely be a community-owned, decentralized group on a mission to develop and drive adoption of the protocols that can energy the way forward for NFT commerce. pic.twitter.com/PJsCgLMNWU
— Non-Fungible DAO (@Non_FungibleDAO) January 22, 2024
In response to the DAO, customers will get tokens primarily based on buying and selling exercise for the protocols that they’re governing—which incorporates the Magic Eden ecosystem. Whereas the NFT token drop by means of Non-Fungible DAO is separate from Magic Eden’s personal Diamond rewards, they act as parallel methods to learn customers. The NFT token has not been launched, and the distribution specifics are nonetheless pending finalization.
Edited by Andrew Hayward
