Magic Eden Shifts Focus to Solana and iGaming, Ends Bitcoin and EVM Marketplaces
- Magic Eden will close its Bitcoin and Ethereum Virtual Machine marketplaces on March 9, with the Bitcoin API shutting down on March 27.
- The Magic Eden wallet will enter export-only mode before full discontinuation on April 1.
- Originally a Solana NFT marketplace, Magic Eden captured over half of Ordinals trading volume after launching in March 2023.
- The company raised $157 million in venture funding, including a $130 million Series B round in 2022, valuing it at $1.6 billion.
- CEO Jack Lu stated the focus will shift to Packs and Solana while enhancing Dicey, their crypto casino and sports betting platform.
Magic Eden is closing its Bitcoin and EVM marketplaces as it pivots towards Solana assets and iGaming through its Dicey platform. The company aims to streamline operations by focusing on products generating higher revenue.
Source (3.2)https://cryptobriefing.com/magic-eden-solana-focus/?rand=59535
