Magic Eden, an NFT marketplace, has announced a new reward program on the Solana network, highlighting a year spent designing a long-term, cross-chain NFT reward system for all users. The program, which begins on Solana, aims to provide a home for creators and collectors across various blockchains, reflecting Magic Eden’s vision.
The initiative offers users the chance to earn valuable Diamonds that can eventually be converted into NFT tokens. From day one, loyal users will have the opportunity to accumulate Diamonds through various platform activities.
Every interaction within the Magic Eden ecosystem, whether buying, selling, or participating in community events, will contribute to users’ Diamond balances. These Diamonds, representing digital assets, will allow for a seamless transition to owning NFT tokens.
Magic Eden has announced that retroactive Diamonds based on past interactions will be distributed on February 2, 2024. This step rewards users for their active involvement on the platform by granting Diamonds corresponding to their historical interactions.
The feature to convert Diamonds into NFTs adds an exciting dynamic to the Magic Eden ecosystem, offering users additional value and liquidity potential. As users accumulate Diamonds, they can look forward to their digital assets transforming into NFT tokens. Magic Eden’s choice of Solana as its blockchain adds efficiency and scalability to the platform, providing an optimal environment for users to earn, trade, and convert Diamonds into NFT tokens, thanks to Solana’s high transaction volume and low costs.