Magic Eden airdrops ME token to NFT users across Bitcoin, Ethereum, Solana and Polygon ecosystems
Quick Take
- Users can claim ME tokens by linking their cross-chain wallet to the ME Foundation website, the organization developing the ME token, and completing the claim process on the Magic Eden mobile app.
The Solana-based NFT marketplace Magic Eden has launched its ecosystem token ME.
Users can claim ME tokens by linking their cross-chain wallet to the ME Foundation website, the organization developing the ME token, and completing the claim process on the Magic Eden mobile app. They can then stake their ME tokens to participate in cross-chain challenges called Magic Eden Quests and future airdrop opportunities.
Magic Eden launched a multi-chain wallet supporting the Solana, Bitcoin, Polygon and Ethereum blockchains nearly a year ago.
Feb. 1 is the last day to claim ME, after which unclaimed tokens will go to stakers, Magic Eden wrote on the social media platform X Tuesday.
"The thesis behind ME is that onchain apps are going to win in the long run. It's the purest, most seamless way to use the blockchain," Tiff Huang, director of the ME Foundation, told The Block in an email.
Magic Eden announced that it would adopt its ecosystem token ME in August. The platform released a test token, TestME, to preview the airdrop claim's overall flow ahead of its launch on Oct. 30. Shortly after its launch, the token accrued a $6 million market capitalization, which suggests high user interest in the actual token, The Block previously reported.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
