Magic Eden is launching Magic Eden Rewards in beta, a rewards program that allows users to claim rewards, benefits, and fee discounts based on their marketplace activity. To receive rewards, users would have to create a profile across multiple wallets starting now, with the pilot rewards launching later this month.
Collectors will be able to earn Magic Points (beta) based on the buying and selling of NFTs. For every 1 SOL spent in volume by a connected wallet, collectors will earn 5 Magic Points. Based on their spending, they will be placed in one of five loyalty tiers, which each contain their own level of reward benefits and fee discounts.
Jack Lu is the CEO and co-founder of Magic Eden. Zhuoxun Yin, COO, and Co-Founder.