Solana NFT Marketplace Magic Eden Reveals Airdrop, Plans to Launch DAO

On Tuesday, the Solana-based non-fungible token (NFT) marketplace Magic Eden announced the task is airdropping NFT tickets to existing Magic Eden users and plans to signifier a decentralized autonomous enactment (DAO). On February 21, the Magic Eden task airdropped astir 4,000 NFTs to progressive wallets, and the pursuing time the squad announced the DAO roadmap.

The Magic Ticket Airdrop and DAO

According to the developers of the Solana-based Magic Eden NFT marketplace, a DAO is successful the making and the fundamentals down the change. The squad elaborate that it started distributing thousands of NFTs to progressive wallets. Magic Eden (ME) developers created 3 levels of “Magic Tickets,” which includes “OGs – radical who archetypal transacted connected ME from Sep 17 – Oct 17,” “Degens – radical who archetypal transacted connected ME betwixt Oct 18 – Dec 18,” and “Normies – radical who archetypal transacted connected ME Dec 19 onwards.”

The Magic DAO has 3 fundamentals which include:

• A ngo and acceptable of rules to which volition operate
• Funding and treasury that tin beryllium utilized to money and reward definite activities
• Voting rights to found cognition rules and marque cardinal decisions

Magic Eden is simply a fashionable NFT marketplace and 24-hour statistics bespeak it’s the 12th largest marketplace by NFT income volume, according to dappradar.com. Metrics further amusement the Solana-based NFT marketplace Magic Eden is the sixth largest, successful presumption of all-time income measurement with $704.15 million.

The NFT marketplace has seen 411,539 traders and the mean NFT terms connected ME contiguous is $291.16 oregon astir 3.40 solana (SOL). Magic Eden’s the top Solana NFT marketplace arsenic good arsenic it competes with markets similar Solanart and Solsea. According to the developers, Magic Eden’s recently announced DAO aims to empower the ME community.

“Magic DAO’s intent is to enactment unneurotic with our assemblage to make a stronger Solana NFT ecosystem,” the team’s blog post connected Tuesday details. “Of course, we person a vested involvement successful the wellness of Magic Eden arsenic a platform. However, we deliberation that arsenic a platform, we person the accidental to marque the ecosystem better.”

While giving 4,000 NFT to progressive wallets, Magic Eden’s squad besides noted it was airdropping NFTs connected Tuesday and connected Wednesday, February 23 arsenic well. “This volition reason our archetypal drop. By the quality of what we’ve described, we bash not person a last # for a acceptable quantity,” the Magic Eden team’s blog station discloses. Soon, oregon successful the “next 2 weeks,” Magic Eden volition person a dedicated treasury wallet to money initiatives.

What bash you deliberation astir Magic Eden’s Magic Ticket NFT airdrop and the task forming a decentralized autonomous enactment (DAO)? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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