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🚀 MagicEden to Cease Ethereum and Bitcoin NFT Support

MagicEden, a marketplace for NFTs on the Solana blockchain, has announced its decision to end support for Ethereum and Bitcoin NFT markets starting March 9. According to NS3.AI, the company plans to shut down its Bitcoin API by March 27 and discontinue crypto wallet services by April 1. This move is part of a strategic shift towards its prediction market platform, Dicey. The CEO explained that the decision was driven by high operational costs and low revenue from the segments being discontinued. MagicEden intends to concentrate on more profitable ventures, such as NFT Packs and crypto entertainment.

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