NFT trading platform Magic Eden has announced the immediate implementation of a new buyback program. The initiative will allocate 30% of all secondary market revenue for buybacks. Specifically, 15% will be used for on-chain buybacks and the destruction of ME tokens, while the remaining 15% will be used to repurchase popular NFTs across various chains, adding them to the official "permanent collection." Magic Eden stated that the buybacks will be automatically triggered once sufficient funds are accumulated, with plans to expand the mechanism to all chains in the coming weeks.