Magic Eden Launches Loyalty Program With Retroactive Rewards to Incentivize Multi-Chain NFT Marketplace Use
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Magic Eden launched a rewards program called "Diamonds" to incentivize use of its NFT marketplace across multiple blockchains. Diamonds can be earned by buying, selling, and listing NFTs on Magic Eden.
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Retroactive Diamond drops are available for Solana NFT holders until March 3. More Diamonds can be earned by listing NFTs close to floor prices.
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Trending collections like Claynosaurz have 50% Diamond bonuses right now. Higher Loyalty scores also boost Diamond earnings.
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Magic Eden is open sourcing its minting/trading protocols and collaborating with a DAO launching an "NFT" governance token, which Magic Eden users may receive airdrops of.
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The blog outlines strategies for maximizing Diamond earnings through marketplace activity like bids/listings, buying higher-priced NFTs, and building Loyalty score.