MagicEden, a leading NFT marketplace in the Solana ecosystem, will phase out its support for Ethereum Virtual Machine, Bitcoin Runes, and Ordinals markets. CEO Jack Lu announced that operations for these markets will cease on March 9, with the Bitcoin API shutting down on March 27 and cryptocurrency wallet services ending on April 1. The company will also discontinue its NFT buyback program.
MagicEden plans to redirect its resources towards its prediction market, Dicey, as part of a strategic shift. The decision comes as the company aims to focus on more profitable ventures, retaining its NFTPack product and expanding into crypto entertainment services.
MagicEden to Exit Ethereum and Bitcoin NFT Markets, Focus on Prediction Market
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