Magic Eden Explained How Ethereum NFT Traders Can Earn Diamond Reward Points On Its Platform

As Magic Eden’s Ethereum-based and royalty-enforced marketplace gets ready to open its digital doors next Tuesday, the NFT trading site took to Twitter and gave Apes and ETH degens a look at how they will be able earn Diamond reward points on the platform!

Things will be anything but boring around the swamp next week as Magic Eden’s Ethereum marketplace, that was built in collaboration with Yuga Labs, will officially open and ETH traders will be invited to start earning Diamond rewards like their frens on Bitcoin, Solana, and Polygon.

 

"Ethereum marketplace is coming next Tuesday and Emmy can’t wait to deliver some Diamonds,” Magic Eden tweeted in a five part thread. “So how will Rewards work? Well, a lot like they do on Solana but not quite the same.”

In today’s post, Magic Eden explained that NFT traders will be able to earn Diamond reward points via buying NFTs, listing and selling NFTs, and making offers.  

As the Bored Ape Gazette previously reported, Yuga Labs Co-Founder Garga first announced that Yuga Labs was collaborating with Magic Eden on an Ethereum marketplace at ApeFest 2023, following Opensea’s decision to make all Creator Royalties optional by February 29th, 2024.

"It sucks that a lot of marketplaces have turned their backs on the creators that helped build the platforms over the past two years,” Garga said to the club. “And one of the most frustrating parts of that is the flipflopping. There’s a whole sea of marketplaces that want to support creators and then not the next. So it goes us thinking what would it be like if we could get one of these marketplaces to legally, contractually, and bindingly support creators in perpetuity. And that’s why I’m pretty stoked to have our sponsor magic Eden here."

The Bored Ape Gazette will continue to follow Magic Eden and Yuga Labs' Ethereum marketplace and will keep you posted on the platform’s reward program. Stay tuned for updates!