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MagicEden CEO says they will stop supporting Ethereum and Bitcoin NFT markets and shift toward prediction markets
ChainCatcher news: Solana ecosystem NFT marketplace MagicEden will gradually stop supporting Ethereum Virtual Machine (EVM) and the Bitcoin Runes and Ordinals markets. CEO and co-founder Jack Lu said the relevant markets 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 put resources into its prediction market Dicey. He added that most of the platform’s costs are concentrated in products that generate less revenue. Going forward, the company will keep the more profitable NFTPack product and focus on developing its crypto entertainment business.