Multi-chain NFT market Magic Eden’s non-profit foundation ME Foundation announced on Thursday (22nd) that it will launch its ecosystem token ME, which will be used to strengthen cross-chain transactions, promote the expansion and decentralization of the NFT platform Integration of dApps.
The ME token is designed to improve the capabilities of Web3 consumer dApps by facilitating cross-chain transactions of digital assets, and Magic Eden plans to be the first platform to officially adopt ME as its ecosystem token, which means the token It may also be adopted by other third-party dApps in the future.
Yep, $ME token claim will be coming to the @MagicEdenWallet. This is the best news since [insert joke here]. https://t.co/F1kXEBhtHt
— Magic Eden (@MagicEden) August 22, 2024
Magic Eden also announced that the mobile app of its cryptocurrency wallet Magic Eden Wallet is officially launched on iOS and Android systems. ME tokens will be claimed through Magic Eden Wallet. Additional information about $ME will be announced at a later date, including token economics and usage details, the ME Foundation wrote in a press release:
“As Magic Eden enters mobile and expands beyond NFT through the Magic Eden Wallet, $ME will become a powerful tool that incentivizes users to trade any asset at any time on major chains. As the NFT and digital ownership ecosystem continues to grow As it grows, other third-party dApps will continue to use these protocols and may officially adopt $ME.”
Magic Eden was originally launched as a Solana ecological NFT platform and now supports a variety of blockchains, including EVM chains such as Ethereum, Base and Polygon, and plans to integrate ME tokens to promote the growth of its ecosystem. According to the ME Foundation, Magic Eden’s total transaction volume has exceeded $6 billion, accounting for more than 60% of NFT revenue. Magic Eden is also the top Bitcoin asset platform, with over 80% of Ordinals and Runes trading volume.
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