Magic Eden Launches A 30% Diamond Boost To All NFT, Ordinal & Rare Sat Purchases

Updated: 26 July 2024

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Magic Eden, a prominent multi-chain non-fungible token market platform, has started a 30% diamond boost to all non-fungible token, ordinal and rare sat purchases on its crypto wallet. In this article, we shall explore Magic Eden’s reward program in detail.

Magic Eden Launches A 30% Diamond Boost To All NFT Purchases

In a July 26 blog post, the Magic Eden NFT market platform confirmed launching a 30% diamond boost to all non-fungible tokens, Ordinals and Rare Sats collection purchases on its multi-chain crypto wallet. This boost is part of Magic Eden’s broader strategy to decentralize its platform and empower the NFT community.

It's raining Diamonds 💎

Earn a 30% Diamond boost on all NFT, Ordinal and Rare Sat purchases when you use your Magic Eden Wallet (only on @MagicEden) 🪄 pic.twitter.com/b1sxEdIu66

— Magic Eden Wallet (@MagicEdenWallet) July 25, 2024

Launched in September 2021, Magic Eden is one of the leading multi-chain NFT marketplaces supporting non-fungible tokens on Solana, Ethereum, Polygon, and Bitcoin. Three years later, Magic Eden has rapidly grown to become the most prominent and best-known NFT marketplace on the Solana network, where it was initially launched.

The NFT platform enables users to create, buy, sell, and collect NFTs. Magic Eden’s flagship product is Launchpad, a service that allows creators to launch and mint NFT collections on the Magic Eden site instead of hosting them on their infrastructure. Magic Eden also has a crypto wallet designed to offer a user-friendly and secure experience in the world of Web3.

Magic Eden Diamond Reward Program Explained

Earlier this year, Magic Eden launched a diamond reward program to incentivize non-fungible token collectors on its platform. The Diamonds program provides NFT collectors with rewards for completing quests and engaging with the Magic Eden marketplace. The diamond rewards program is integrated into the Magic Eden wallet.

Magic Eden’s Diamond reward program came into two tiers: the Hollow Diamond and the Solid Diamond. NFTs with a solid Diamond symbol indicate that these NFTs are listed exclusively on Magic Eden’s EVM marketplace, while NFTs with a hollow Diamond symbol signify that they are not listed exclusively on Magic Eden.

Users who acquire NFTs with the solid diamond symbol are eligible for Magic Eden’s full array of Diamond rewards, including the new 30% diamond boost. Users who acquire NFTs with the hollow diamond symbol are still eligible for a certain amount of Diamond rewards. Diamonds rewards program is open to all four chains it currently supports: Solana, Ethereum, Bitcoin, and Polygon.

Magic Eden Rewards plays a pivotal role in our mission to create the best end-to-end experience in web3. From our marketplace to the upcoming Magic Eden Wallet, spanning multiple chains, this rewards program is integral to our commitment to universal digital ownership.

The reward program also amplifies its efforts to make Magic Eden the ultimate platform for NFT enthusiasts. Magic Eden is focused on creating a sustainable rewards system that benefits NFT traders and the broader community. These rewards will be distributed based on user actions, such as buying, listing, and making offers on the Magic Eden wallet.