MagicEden CEO says they will stop supporting Ethereum and Bitcoin NFT markets to shift toward prediction markets

ZkProver · 2026-03-28T08:24:41+00:00

MagicEden, an NFT marketplace in the Solana ecosystem, will cease support for Ethereum Virtual Machine and Bitcoin Runes and Ordinals markets starting March 9. CEO Jack Lu stated that the NFT buyback program will be terminated to focus resources on the profitable NFTPack products and crypto entertainment business.

ZkProver

2026-03-28 08:24:41

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ChainCatcher news, the Solana ecosystem NFT marketplace MagicEden will gradually stop supporting the Ethereum Virtual Machine and the Bitcoin Runes and Ordinals markets. CEO and co-founder Jack Lu stated that the related markets will cease operations on March 9, the Bitcoin API will be shut down on March 27, and the crypto wallet service will end on April 1.

Jack Lu mentioned that the company will terminate the NFT buyback program and redirect resources to its prediction market Dicey. He stated that most of the platform’s costs are concentrated on products that contribute little revenue, and in the future, it will retain the more profitable NFTPack product and focus on the development of crypto entertainment business.

ETH0.32%

BTC-0.39%

SOL-0.75%

ORDI0.72%

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