{"id":483026,"date":"2024-02-23T07:40:01","date_gmt":"2024-02-23T07:40:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=483026"},"modified":"2024-02-23T07:48:12","modified_gmt":"2024-02-23T07:48:12","slug":"magic-eden-sets-to-extend-diamond-reward-program-to-eth-nft-holders-in-march","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/magic-eden-sets-to-extend-diamond-reward-program-to-eth-nft-holders-in-march","title":{"rendered":"Magic Eden Sets To Extend Its Diamond Reward Program To ETH NFT Holders In March"},"content":{"rendered":"<p>Magic Eden, the cross-chain non-fungible token market platform, has announced plans to extend its recently launched diamond reward program to Ethereum non-fungible token holders. The now highly awaited incentive program extension is set to start this coming month.<\/p>\n<h2>Magic Eden To Extend Its Reward Program To ETH NFT Holders<\/h2>\n<p>In a February 22 blog post, Magic Eden confirmed plans to extend its Diamond Reward Program to investors holding Ethereum-based non-fungible token collections. The now highly anticipated NFT incentive program is scheduled to kick off on March 13, 2024.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ETH OGs get your wallets ready.<\/p>\n<p>Diamond Claim 03.13. <a href=\"https:\/\/t.co\/YwPHtSkoAb\">pic.twitter.com\/YwPHtSkoAb<\/a><\/p>\n<p>&mdash; Magic Eden &#129668; (@MagicEden) <a href=\"https:\/\/twitter.com\/MagicEden\/status\/1760741252579119472?ref_src=twsrc%5Etfw\">February 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Launched in 2021, Magic Eden is a digital asset market platform allowing users to discover, trade, and create non-fungible token collections. Magic Eden initially started as a Solana-based NFT market platform, but it has since expanded its support to other blockchain networks like Polygon, Ethereum, and Bitcoin.<\/p>\n<p>Since its inception, Magic Eden has grown into one of the largest NFT marketplaces with over 8,000 collections, about $1.9 billion secondary trading volume, and over 22 million unique monthly visitors. In June 2022, Magic Eden raised $130 million in a Series B round that granted it unicorn status. At the time, the NFT marketplace had a market valuation of around $1.6 billion.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-483029\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/Magic-Eden-300x151.png\" alt=\"Magic Eden\" width=\"839\" height=\"422\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/Magic-Eden-300x151.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/Magic-Eden-1024x516.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/Magic-Eden-768x387.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/Magic-Eden.png 1103w\" sizes=\"(max-width: 839px) 100vw, 839px\"><\/p>\n<h2>Magic Eden Diamond Reward Program Explained<\/h2>\n<p>Magic Eden launched its Diamonds Reward Program for Solana NFT holders late last month. The number of Diamonds tokens earned determined the number of rewards and the amount of a future airdrop. The NFT marketplace also determined the amount of Diamond airdrops based on the users&rsquo; activity since the marketplace&rsquo;s inception.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Introducing Magic Eden Rewards<\/p>\n<p>We&rsquo;ve spent the last year designing a long term, cross-chain NFT rewards program built for everyone. This isn&rsquo;t just another points campaign. It&rsquo;s a meticulously crafted plan to give back to Magic Eden&rsquo;s OGs, collectors, creators, and degens alike.&hellip; <a href=\"https:\/\/t.co\/RQkJpoZEvi\">pic.twitter.com\/RQkJpoZEvi<\/a><\/p>\n<p>&mdash; Magic Eden &#129668; (@MagicEden) <a href=\"https:\/\/twitter.com\/MagicEden\/status\/1749870047034790329?ref_src=twsrc%5Etfw\">January 23, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In that case, the more investors traded Solana NFTs on Magic Eden in the past three years, the more retroactive Diamonds they received. The quantity of Diamonds also depended on the total trading volume. Moreover, NFT collectors could also maximize the Diamonds airdrops by purchasing native listings on the Magic Eden NFT marketplace.<\/p>\n<p>Trading NFTs on Ethereum, Solana, Bitcoin, and Polygon blockchains also allowed users to get retroactive Diamonds. Magic Eden requires users to maintain 100% loyalty to receive a maximum Diamond Bonus. Starting March 13, all Ethereum NFT holders can claim their Diamonds tokens.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Magic Eden rewarding OG ETH NFT traders &#128064;<\/p>\n<p>Big win for those who may have missed early Solana and BTC NFT action.<\/p>\n<p>Looks like ME Diamonds trading for about $0.05 right now, though on very small volume. <a href=\"https:\/\/t.co\/WmIQSnQsMj\">https:\/\/t.co\/WmIQSnQsMj<\/a> <a href=\"https:\/\/t.co\/WMgKVwkJZc\">pic.twitter.com\/WMgKVwkJZc<\/a><\/p>\n<p>&mdash; TylerD &#129497;&zwj;&#9794;&#65039; (@Tyler_Did_It) <a href=\"https:\/\/twitter.com\/Tyler_Did_It\/status\/1760800599786782753?ref_src=twsrc%5Etfw\">February 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-investor-jaychris-eth-has-lost-65-nfts-including-a-cool-cat-to-a-phishing-scheme\">NFT Investor Jaychris.eth Has Lost 65 NFTs, Including A Cool Cat, To A Phishing Scheme<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-paris-2024-is-happening-this-weekend-heres-what-you-should-expect\">NFT Paris 2024 Is Happening This Weekend &ndash; Here&rsquo;s What You Should Expect<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/investors-buying-selling-nfts-pump-70-this-week-the-nft-summer-is-building-up\">Investors Buying &amp; Selling NFTs Pump +70% This Week &ndash; The NFT Summer Is Building Up<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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The <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":483027,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-483026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Magic Eden Sets To Extend Its Diamond Reward Program To ETH NFT Holders In March<\/title>\n<meta name=\"description\" content=\"Magic Eden NFT marketplace has announced plans to extend its recently launched diamond reward program to Ethereum non-fungible token holders.\" \/>\n<meta name=\"robots\" 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