Eden of magic new Cross-chain rewards program Now it's even sweeter. In addition to finding diamonds to buy, list and collect NFTs on the multi-chain marketplace, today the platform launched the “Retro Diamond Drop”.
Starting with the launch of the platform on Solana in September 2021, every merchant working on Magic Eden will be able to claim diamonds, which are equivalent to reward points. The amount each user can claim depends on the volume sold, the number of trades made, the total collections owned and the total number of NFTs.
Also, if you have 100% Loyalty Points—meaning your listings and pools are on Magic Eden and no other marketplace—then you'll get a 100% bonus on your Diamonds.
This drop is just a cherry on top of the rewards program, where users can already claim diamonds for completing missions and logging in daily.
Announced on January 23rd, the Magic Eden Awards were created to give back to “all those who have contributed to the NFT community”. The goal was to establish a unique program that would reward everyone involved in NFTs—not just traders, but also collectors. Unlike many rewards programs that only encourage listing and placing offers, this program does Users are rewarded by purchasing native listings and receiving discounts on Magic Eden.
Tiffany Huang, general manager of Magic Eden, announced on Twitter that users will be able to claim diamonds on every wallet they use on Magic Eden.
The latter awards are not limited to Solana. Diamond, while currently only available for Solana, will soon expand to other chains. You will be part of the upcoming Eden of Magic Ethereum NFT Marketplace, is set to launch at the end of February. Then the rewards come to the Bitcoin and Ethereum balance polygon.
The Magic Eden Bitcoin account took to Twitter today (pronounced X) to hint at the upcoming Bitcoin rewards.
“Loyalty is rewarded. Past, Present and Future”. Account responded When a user asks to earn Bitcoin rewards.
A similar move related to Diamond's reward system will also benefit users when Fungible DAO's upcoming NFT token drops.
Under the DAO, users earn tokens based on business activity for the protocols they purchase—which adds to the Magic Eden ecosystem. While NFT tokenization via Fungible DAO is separate from Magic Eden's own Diamond Rewards, they work as parallel systems to benefit users. The NFT token has not been launched and distribution details are still awaiting finalization.
Edited by Andrew Hayward.
Stay on top of crypto news, get daily updates in your inbox.
