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Bitcoin Desk

Magic Eden discontinues Bitcoin, Ethereum support to focus on Solana

Vincent Deluard: Inflationary pressures mirror the late 90s, the gig economy’s tax impact is significant, and stocks may thrive amid fiscal stimulus | Forward Guidance

Magic Eden, co-founded and led by CEO Jack Lu, is ending support for Bitcoin and Ethereum-based assets to focus on Solana NFTs and its new iGaming platform, including a crypto casino named Dicey. Users will no longer be able to trade these assets in less than two weeks, marking a strategic shift from the company’s previous multi-chain approach, which had made it the largest NFT marketplace by trading volume. This change comes as the market for Bitcoin Ordinals and Ethereum collectibles has cooled, prompting the company to abandon its NFT buyback plans and refine the use of its ME token.

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