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MagicEden CEO Announces Plans to Discontinue Support for Ethereum and Bitcoin as the NFT Marketplace Shifts Focus to Prediction Markets
Svmuu News: MagicEden, an NFT marketplace in the Solana ecosystem, will gradually phase out support for the Ethereum virtual machine and the Bitcoin Runes and Ordinals marketplaces.CEO and co-founder Jack Lu stated that the relevant markets will cease operations starting March 9, the Bitcoin API will shut down on March 27, and the crypto wallet service will end on April 1.Jack Lu noted that the company will discontinue its NFT buyback program and redirect resources to its prediction market, Dicey. He explained that the majority of the platform’s costs are concentrated on products that generate little revenue; moving forward, the company will retain the more profitable NFTPack product and focus on developing its crypto entertainment business. (Cointelegraph)
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