{"id":2405,"date":"2022-12-26T07:48:50","date_gmt":"2022-12-26T07:48:50","guid":{"rendered":"https:\/\/nftmetta.com\/?p=2405"},"modified":"2022-12-26T07:48:51","modified_gmt":"2022-12-26T07:48:51","slug":"nft-marketplace-magic-eden-rolls-out-rewards-program","status":"publish","type":"post","link":"https:\/\/nftmetta.com\/nft-marketplace-magic-eden-rolls-out-rewards-program\/","title":{"rendered":"NFT Marketplace Magic Eden Rolls Out Rewards Program"},"content":{"rendered":"\n

December 26, 2022<\/p>\n\n\n\n

By Sharan Kaur Phillora<\/p>\n\n\n\n

Leading Solana-based non-fungible token (NFT) marketplace Magic Eden<\/u><\/a> is rolling out a loyalty rewards program, the company said Wednesday. Called Magic Eden Rewards, the new feature will allow users to create a profile across all wallets and will award users with \u201cMagic Points\u201d based on secondary trading transactions on the platform.<\/p>\n\n\n\n

Here’s what we know:<\/strong><\/p>\n\n\n\n

While this is a beta version, the rewards program allows all users to set up their own profiles. However, pilot rewards will launch later this month. \u201cThis is a really cool way for us to deliver value to our assets and a tool for creators to engage with new and existing collectors,\u201d said Jack Lu<\/u><\/a>, co-founder, and CEO of Magic Eden. \u201cAs a marketplace, we\u2019ve been trying hard to ship innovation that goes beyond the pure transactional layer.\u201d<\/p>\n\n\n\n

As an industry first, Magic Eden\u2019s new rewards program allows for collectors to earn \u201cMagic Points\u201d on secondary trading transactions and the spend amount. Depending upon a collector\u2019s spend, they will be placed in one of five loyalty tiers, which each contain their own level of reward benefits and fee discounts. <\/p>\n\n\n\n

In its announcement<\/u><\/a>, Magic Eden shared that the first beta test of rewards will be released before the end of the year, which will eventually be accessible as NFTs in the Rewards Hub and airdropped directly to users\u2019 profiles. <\/p>\n\n\n\n

\u201cWe pride ourselves on delivering value to our creators and users and Magic Eden Rewards is a testament to that,\u201d Magic Eden co-founder and COO Zhuoxun Yin shared. \u201cBy offering progressively greater rewards, perks, and fee discounts based on user activity, we\u2019re excited to pair this up with creators and help them find ways to deepen engagement with their communities.\u201d<\/p>\n\n\n\n

About the author<\/strong><\/strong><\/p>\n\n\n\n

Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":"

December 26, 2022 By Sharan Kaur Phillora Leading Solana-based non-fungible token (NFT) marketplace Magic Eden is rolling out a loyalty rewards program, the company said Wednesday. Called Magic Eden Rewards, the […]<\/p>\n","protected":false},"author":1,"featured_media":2410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2405"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=2405"}],"version-history":[{"count":1,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2405\/revisions"}],"predecessor-version":[{"id":2411,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2405\/revisions\/2411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/2410"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=2405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=2405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=2405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}