Magic Eden NFT Marketplace Rolls Out Loyalty Program, Native Token in Talks By DailyCoin

Magic Eden, the leading NFT marketplace on the (SOL) network, opened the gates to a new loyalty program. Magic Eden Rewards beta is live and the alpha is coming soon. According to a tweet on Magic Eden’s official Twitter, creators on the NFT marketplace “can easily partner with us to provide benefits, discounts and even NFTs beyond traditional fragmented channels.”

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6/ Magic Eden Rewards (coming soon) We work with ecosystem partners and creators to reward the community! Creators can easily partner with us to provide benefits, discounts and even NFTs beyond traditional fragmented channels. Partner with us!https://t.co/x3SBZu8f9H

— Matic Eden (@MagicEden) December 14, 2022

5 levels of NFT Magic Buddies

Since the loyalty program was launched, users have been able to collect magic points. For example, one SOL transferred equals five magic points. The benefits program will have five levels highly dependent on the monthly user transaction volume. To maximize the rewards, NFT enthusiasts must also connect to the sub-wallets after connecting to the main wallet.

Furthermore, Magic Eden will introduce a new dynamic fee structure in early 2023. On top of that, the largest SOL NFT marketplace has plans to launch its native cryptocurrency, according to popular crypto analyst Colin Wu.

2/ Discover your level!Log in with YOUR MAIN RACE on Then connect to each of your sub-pocketbooks to discover Magic Buddy and find out what level you are at. Any wallets linked under one username are PRIVATE. pic.twitter.com/bZuHVdI5Fx

— Matic Eden (@MagicEden) December 14, 2022

Solana (SOL) is struggling below key levels

SOL has been drenched in blood courtesy of the brutal crypto bears over the past two months, as the altcoin is down 52.9% over the past 60 days. Moreover, SOL failed to recover the crucial resistance level at $15.00 since the FTX breakdown.

Therefore, the quickly escalated events of the FTX fiasco led to SOL dropping out of the TOP 10 by global market value. At press time, the 18th-ranked altcoin is trading at $13.93, having fallen another 5% in the past 24 hours, according to CoinGecko.

On the other side

• Magic Eden has been providing royalties for creator fees on the top NFT platforms, but received massive backlash from the Twitter community.

Why you should care

Magic Eden is the second largest NFT marketplace in the world, behind only OpenSea.

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