Airdrop

Magic Eden airdrops 4,000 NFT and plans to launch DAO

Yesterday (February 22nd) was the NFT market based on Solana, Magic Eden notification hands over NFT to existing users and plans to establish a decentralized autonomous organization (DAO).

The team explained that it has started distributing thousands of NFTs to active wallets. Magic Eden (ME) developers have created three tiers of Magic Tickets including OG – the first people to trade on ME from September 17th to October 17th, Degens – the first to trade on ME from September 17th to October 17th. September trade on ME until October 17”, “Degens” the first traders on ME from October 18 to December 18” and “Normies – the first traders on ME from December 19”. ”

Magic DAO has three core principles, including:

The mission and ruleset will work.
Grants and funds can be used to fund and reward specific activities.
Voting rights to set operating rules and make important decisions.

Magic Eden is the most popular NFT marketplace according to Dappradar.com, the 10th largest by volume of NFTs sold in the last 24 hours and the 6th largest by total revenue of $704.15 million.

The NFT market saw 411,539 traders and the average NFT price on ME today is $291.16 (about 3.4 SOL). Magic Eden is Solana’s premier NFT marketplace, competing with marketplaces like Solanart and Solsea. According to the developers, the newly announced Magic Eden DAO aims to empower the ME community.

“Magic DAO’s purpose is to collaborate with our community to create a stronger Solana NFT ecosystem.” post Office on the team’s blog yesterday for details. “Obviously we’re interested in the power of Magic Eden as a foundation. However, we believe that as a platform we have an opportunity to improve the ecosystem.”

While providing 4,000 NFT to active wallets, the Magic Eden team also noted that they are also airdropping NFT yesterday and today (February 23). “This will end our first drop. Based on what we have described, we do not have a definitive number for a specific quantity,” revealed the Magic Eden team’s blog post. Soon, or within the “next two weeks”, Magic Eden will have its own treasury wallet to fund initiatives.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.