Magic Eden Launches New Diamond Rewards, Here Are 3 Easy Ways To Earn Them

Key Points:

• NFT Magic Eden marketplace has announced introducing a new Diamond Rewards program for loyal users.
• User loyalty points are the deciding factor for determining the multiplier for earned diamonds.
• There are currently three ways to earn this reward.

According to the official blog, the NFT Magic Eden marketplace has announced the introduction of a new Diamond Rewards program that allows users to earn diamonds on different quests and unlock more rewards within its platform.

Diamonds are a bonus type, and the reward amount will not change every month. The launch program aims to reward its community for many actions demonstrating their commitment to the platform rather than just trading volume.

There are currently three ways to earn diamonds:

• Listing: List your NFTs for sale on Magic Eden. When your NFT is sold, you earn diamonds.
• Bidding: Bid on NFTs on Magic Eden, when bids are accepted you earn diamonds.
• Completing Your Profile: Complete your Magic Eden profile by filling in your username to earn diamonds.

These diamonds are not limited to a monthly cycle and will remain constant month-to-month.

According to Magic Eden, user loyalty points are the deciding factor to determine the multiplier for diamonds earned, with 100% loyalty points receiving a double multiplier. Loyalty is checked every 24 hours, and a loyalty multiplier is applied when diamonds are earned.

Calculation of loyalty points taking into account user activity over the past 6 months. The popular NFT platform will also introduce more ways to earn diamonds and rewards and specific diamond benefits and rewards in the future.

Last week, Magic Eden launched a new NFT marketplace for Bitcoin Ordinals. The new platform is similar to what Magic Eden already offers to NFT customers based on Polygon, Ethereum, and Solana. This launch plan comes after the rise in popularity of the Bitcoin Ordinals NFT collection.

Magic Eden’s move to Bitcoin brings a new dawn to digital collections, with the platform’s commitment to supporting multiple chains and the most robust community of creators and collectors. A completely unlicensed, non-custodial marketplace on Ordinals, using PSBT technology, providing a unique trading experience.

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