Magic Eden Issues Diamonds to Ethereum NFT Traders Today

Magic Eden, in collaboration with Yuga Labs, recently launched an Ethereum-based royalty-supportive marketplace. Today, through this initiative, the two NFT titans are granting ‘Diamonds’ to Ethereum NFT collectors.

Shortly, individuals engaging with Ethereum NFTs can start accruing Diamond rewards through Magic Eden’s system, which will honor past Ethereum transactions and trading activities as early as 2017, as announced in a recent X post.

The NFT marketplace’s rewards distribution is part of its broader universal multi-chain rewards program, which opens its arms to NFT enthusiasts from not only Ethereum but also Bitcoin, Solana and Polygon.

Its primary aim is to make digital ownership accessible to all. “From collectors to creators and traders, we’re building the biggest, best, and most rewarding platform ever that pushes forward our mission to make digital ownership universal,” confirms Magic Eden in an official blog post.

Source: X (Magic Eden)

Mysterious Diamonds garner acclaim

Magic Eden boosts its NFT market presence by rewarding on-chain transactions. It introduced a ‘Retro Diamond Drop‘ for collectors across blockchains in early February and gifted Diamonds to 3,000 Solana NFT holders not long after, to early March.

The Web3 community is keenly watching today’s Diamond drop, which solely acknowledges Ethereum NFT engagements, though the specifics of the rewards’ utility have yet to be revealed.

While the full details of Diamonds are still under wraps, the Web3 community is buzzing with speculation. Many connect these rewards to the anticipated release of the $NFT token by the Non-Fungible DAO, though Magic Eden has yet to confirm this link.

Within the evolving Web3 and NFT space, the Magic Eden Diamonds aim to increase engagement and loyalty, potentially transforming digital ownership and marketplace dynamics.

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The post Magic Eden Issues Diamonds to Ethereum NFT Traders Today appeared first on NFT Plazas.

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Magic Eden Issues Diamonds to Ethereum NFT Traders Today

Mysterious Diamonds garner acclaim

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