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.
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