Magic Eden, a prominent multi-chain NFT market platform, has unveiled a 30% diamond boost for all purchases of non-fungible tokens, Ordinals, and Rare Sats on its crypto wallet. This latest incentive is part of Magic Eden’s broader strategy to decentralize its platform and empower the NFT community.
Magic Eden, launched in September 2021, has quickly risen to prominence as a leading multi-chain NFT marketplace. It supports NFTs on Solana, Ethereum, Polygon, and Bitcoin, and has become the most well-known NFT marketplace on the Solana network. The platform allows users to create, buy, sell, and collect NFTs, with its flagship product, Launchpad, offering creators the ability to launch and mint NFT collections directly on the Magic Eden site.
Earlier this year, Magic Eden introduced the diamond reward program to incentivize NFT collectors. This program provides rewards for completing quests and engaging with the marketplace, integrating these rewards into the Magic Eden wallet. The program has two tiers: the Hollow Diamond and the Solid Diamond. NFTs with a solid diamond symbol are listed exclusively on Magic Eden’s EVM marketplace and qualify for the full range of diamond rewards, including the new 30% diamond boost. Meanwhile, NFTs with a hollow diamond symbol, though not listed exclusively, still earn a certain amount of diamond rewards.
The diamond reward program is available across all four chains supported by Magic Eden: Solana, Ethereum, Bitcoin, and Polygon. This program is a key component of Magic Eden’s mission to provide the best end-to-end experience in Web3. From its marketplace to the upcoming Magic Eden Wallet, the rewards program is integral to its commitment to universal digital ownership.
By amplifying efforts to make Magic Eden the ultimate platform for NFT enthusiasts, the rewards program aims to create a sustainable system that benefits both NFT traders and the broader community. Rewards are distributed based on user actions such as buying, listing, and making offers on the Magic Eden wallet, encouraging active participation and engagement.
Magic Eden’s 30% diamond boost and its comprehensive rewards program reflect its dedication to fostering a vibrant and rewarding environment for the NFT community. This initiative not only enhances user experience but also strengthens Magic Eden’s position as a leading NFT marketplace in the rapidly evolving digital landscape.
