Magic Eden's NFT Rewards Program "Coming Soon" to Ethereum

Magic Eden, a prominent NFT platform, has revealed plans to extend its cross-chain NFT rewards program to Ethereum soon. This expansion marks a significant step in the platform's mission to incentivize NFT participants across multiple blockchain networks, including Solana, Polygon, and Bitcoin.

The rewards program, outlined in detail on their website, aims to ensure sustainability by distributing rewards based on users' past, present, and future activities. Dubbed "Diamonds," these rewards have already been retroactively distributed to accounts active on the platform since its inception in September 2021. Users can claim their rewards through the platform's dedicated webpage.

To earn more Diamonds, users are encouraged to engage in various activities on the Magic Eden marketplace, such as buying, listing, and making offers, all framed as "Diamond Quests."

Notably, their program also offers rewards for purchasing native listings on Magic Eden and accepting others’ offers, with loyalty bonuses for exclusive listing on the platform.

We know that some protocols have launched tiresome rewards programs with poorly aligned incentives, but that's not what we’re about.

Magic Eden's commitment to community governance is evident in its initiative to establish the Non-Fungible DAO, powered by the $NFT token. This move aligns with the platform's long-term goal of becoming a fully open-source platform with community-governed intellectual property.

With the integration of diamond rewards into their recently launched wallet and the potential for redemption in $NFT tokens, Magic Eden users across multiple blockchain networks have exciting opportunities ahead.