Magic Eden launches buyback program: 15% of NFT marketplace revenue will be used to buy back ME, and another 15% will be used to buy back NFTs
Foresight News reports that the multi-chain trading platform Magic Eden has announced its first buyback program, pledging to use 15% of its NFT marketplace revenue to buy back its native token ME, and an additional 15% to purchase NFTs listed on the platform as an initial ecosystem support plan. The acquired NFTs will be stored in The Garden of Eden, a public on-chain asset vault. The token buyback will begin immediately, while the NFT buyback will start with Solana-based collections and gradually expand to Bitcoin, Monad, Ethereum, and other ecosystems throughout 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dom Kwok to XRP Holders: Next Bull Market Will Be the Biggest We’ve Ever Seen
SUI Price Reclaims $1 as Analysts Watch $1.50 Resistance
Smart ring manufacturer Oura (OURA.US) IPO reportedly oversubscribed by about 4 times
According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
Crypto prices
More
