If you’re one of the early Solana NFT traders who frequented Magic Eden during the 2021 bull run, you’re in for a treat. Magic Eden, the multi-chain NFT marketplace, has introduced its Retro Diamond Drop as part of its cross-chain rewards program.
The Retro Diamond Drop rewards Solana O.G. traders who have been active on Magic Eden since its inception on Solana in September 2021. This drop supplements the platform’s existing rewards program, allowing users to earn Diamonds, akin to rewards points, for various activities such as buying, listing, and collecting NFTs.
The amount of Diamonds available for claim depends on factors like trading volume, number of trades, total collections owned, and total NFTs owned. Additionally, users with a 100% loyalty score, indicating exclusive use of Magic Eden for listings and pools, will receive a 100% bonus on their Diamonds.
This initiative is part of Magic Eden’s broader goal to give back to the NFT community. The rewards program aims to reward not only traders but also collectors, setting it apart from traditional programs that focus solely on listing and placing offers.
While Diamonds are currently available for Solana transactions, Magic Eden plans to extend them to other chains, starting with Ethereum, and eventually to Bitcoin and Ethereum scaler Polygon. The upcoming Ethereum NFT marketplace, scheduled for launch in late February, will incorporate these rewards.
Moreover, Magic Eden users can anticipate Bitcoin rewards in the future, as hinted by the platform’s Bitcoin account on Twitter. These rewards align with the ethos of rewarding loyalty and past contributions to the platform’s ecosystem.
Furthermore, Magic Eden’s activities tie into the upcoming NFT token drops from the Non-Fungible DAO, where users will receive tokens based on their trading activity within the Magic Eden ecosystem. While separate from Magic Eden’s Diamond rewards, these tokens serve as additional incentives for users, showcasing the platform’s commitment to rewarding its community members.
