Magic Eden, a key player in the NFT marketplace, has rolled out an innovative rewards program aimed at enriching the NFT trading and collecting journey for its users across several blockchain networks. This ambitious initiative started with Solana on January 23, 2024, and made its way to Ethereum on March 13, 2024, highlighting Magic Eden’s commitment to engaging users from diverse ecosystems.
Introducing Magic Eden Diamonds
At the heart of this rewards program are the Magic Eden Diamonds, a unique currency created to incentivize user participation and loyalty. Users can earn Diamonds by engaging in various activities on the platform, such as listing NFTs, making offers, and purchasing NFTs exclusively through Magic Eden. These Diamonds are not meant to be transferred and are advised against being sold on secondary markets.
Learn more about Diamond rewards on Magic Eden’s blog here.
Expansion Across Blockchains
The program’s journey began on the Solana blockchain, introducing a novel approach for NFT aficionados to earn rewards through their engagement on the platform. Following the success on Solana, Magic Eden broadened its horizon to Ethereum, bringing a new dimension of rewards to the Ethereum NFT community. Looking ahead, Magic Eden has its sights set on further expansion, with plans to integrate Bitcoin and Polygon, thus supporting a wider array of blockchain networks through the Magic Eden Wallet.
How to Check for Diamond Eligibility
If you’ve transacted and paid gas fees on Solana or Ethereum marketplaces in the past, chances are you are eligible for some diamonds. Here’s how to check:
- Head over to https://magiceden.io/rewards
- Click ‘Connect Wallet’ in the upper right
- Choose Ethereum or Solana as the network (these are the only chains for claimable rewards at the moment)
- The site will immediately determine if you’re eligible for rewards!
Looking Ahead with Magic Eden’s Rewards
Magic Eden’s Diamond Rewards Program expands its reach to Ethereum, building on its start with Solana, and plans to include more blockchains like Bitcoin and Polygon. This move shows Magic Eden’s effort to connect different blockchain users by rewarding activities like trading and collecting NFTs. The program aims to make the NFT market more engaging for everyone involved. As Magic Eden adds new features and supports more blockchains, users can expect a more diverse and rewarding experience.
The AfroCryptopian 