Solana Bitcoin NFT e-market major Magic Eden plans to airdrop tokens? Shifting to “Non-Fungible DAO”

10 months ago 62

Magic Ticket skyrockets

Unicorn Web3 company Magic Eden, a major NFT electronic marketplace, has hinted at its own token airdrop.

Magic Eden announced on the 23rd that it will migrate its platform code and smart contracts to a new decentralized organization called “Non-Fungible DAO” managed by “NFT” tokens.

Decentralization is essential to the global adoption of NFTs. Magic Eden will be open-sourcing and contributing all of its NFT trading and minting protocols to Non-Fungible DAO. https://t.co/5gUzwqdDnh

— Magic Eden (@MagicEden) January 22, 2024

According to the announcement, Non-Fungible DAO is an organization powered by Community Tokens and is a “best-in-class open source for NFTs on major chains (Solana, Bitcoin, Ethereum, Polygon), including proprietary smart contracts. Own and control the technology.”

Although they do not explicitly say that they will “airdrop tokens,” decentralization to DAOs tends to mean distributing tokens to users, and various hints are being given on the official Discord.

Also, since the token has not been launched at this time, be careful of fraudulent tokens.

The reward-related “Magic Ticket” NFT previously issued by Magic Eden soared nearly twice as much following the announcement.

Magic Eden is an electronic market for Solana Chain NFTs that was launched in 2021, introduced Polygon NFTs in November 2022, and started supporting Bitcoin Ordinals in March last year. We have also expanded into the RWA field, and in October last year, we partnered with a Solana-based marketplace that tokenizes RWA (real assets) called Collector, and began trading tokenized Pokemon cards (NFTs). .

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Furthermore, as of June 2022, the company’s valuation was $1.6 billion, making it one of the few Web3 unicorn companies (valued over $1 billion). (Current appraised value is unknown)

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