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

ZkProver · 2026-03-30T10:31:39+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

2026-03-30 10:31:39

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ChainCatcher message: Solana ecosystem NFT marketplace MagicEden will gradually stop supporting the Ethereum Virtual Machine and the Bitcoin Runes and Ordinals marketplaces. Jack Lu, CEO and co-founder, said the related marketplaces will stop operating starting March 9, the Bitcoin API will be shut down on March 27, and the crypto wallet service will end on April 1.

Jack Lu said the company will terminate its NFT buyback program and invest resources into its prediction market Dicey. He said that most of the platform’s costs are concentrated in products that generate less revenue with less contribution; going forward, the company will retain the more profitable NFTPack product and focus on developing its crypto entertainment business.

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