On February 3, Magic Eden launched a reward program to issue diamond airdrops to users who have used Phantom or Phantom List On ME functions on Magic Eden, and new users can also participate in diamond tasks to obtain diamonds. The deadline for diamond collection is 3 a.m. Beijing time on March 4.

Magic Eden’s reward program will be cross-chain, and the rewards will be retroactive and can reward historical activities on the platform. At the same time, Magic Tickets holders will also receive rewards. Magic Tickets are a series of NFTs that grant access to MagicDAO.

Previously, Magic Edens official documents have confirmed that there will be $NFT tokens. It can be speculated that the diamonds obtained by users may be converted into NFT tokens later. The airdrop criteria for NFT tokens may involve three aspects, including the total NFT transaction volume, loyalty score, and the number of diamonds collected, and the latter may be the main criterion.

Magic Eden is the largest NFT market on Solana. According to the official website of Magic Eden, its total transaction volume so far is 60, 778, 748 SOL, and the number of traders exceeds 800,000. Since then, Magic Eden has also deployed multiple public chains such as Ethereum and Polygon, and recently launched the Bitcoin ecological NFT market.

From the financing background, in March 2022, Magic Eden completed US$16.9 million in financing, with participating investors including Sequoia Capital, Paradigm, Greylock, etc. Then on June 22, Magic Eden announced the completion of a US$130 million Series B financing at a valuation of US$1.6 billion. This round of financing was led by Electric Capital and Greylock. New investor Lightspeed Venture Partners also teamed up with previous investors Paradigm and Sequoia Capital. Participate in investment.

On this basis, Magic Eden is still being updated. In addition to the new incentive plan launched this time, it will also contribute to the Non-Fungible DAO, a community organization dedicated to promoting the adoption and development of NFT, and the NFT tokens will be issued by the DAO Launched in the future. The core of this reform is to achieve the unification of market and user experience, as well as a more powerful business model through NFT tokens and Magic Eden wallet.

Related Reading:Magic Eden’s ambition and vision: unify the NFT multi-chain market, and plan the issuance of coins with DAO》

Although many similar reward schemes are currently emerging on the market, Magic Edens updates are not limited to the rewards themselves, but also involve the unification of its NFT market on multiple chains such as Solana, Bitcoin, Ethereum and Polygon and the open source of smart contracts. BlockBeats has compiled a tutorial on obtaining possible airdrops for readers’ reference only.

Register Magic Eden Wallet

On January 30, Magic Eden announced the official launch of its multi-chain wallet product, with features including: 1. Instant cross-chain swap 2. NFT portfolio management 3. Native Ordinals and BRC 20 support 4. End-to-end rare satoshi management.

It is worth noting that only those who have used the Phantom or Phantom List On ME function on Magic Eden are eligible to directly receive diamond airdrops. Registering a Magic Eden wallet and using it to interact with Magic Eden is to obtain the remaining rewards officially promised. For example, Magic Eden will release free mints from NFT projects such as Claynosaurz, Degenerate Ape Academy and BoDoggos in the wallet in February, and it will also increase the chance of mint whitelisting and so on.

OpenDownload page, add the Magic Eden wallet to the Google Chrome extension. After downloading, open the wallet extension and click Create New Wallet.

Enter the same password twice as prompted and click Continue to proceed to the next step.

Click the yellow part at the bottom of the wallet page, enter the password set in the previous step, and obtain the 12-digit mnemonic phrase. After backing up the mnemonic phrase, 4 words will be randomly generated. After selecting the word that is the same as your mnemonic phrase, the wallet will be created successfully.

Interact with Magic Eden

Go directly to Magic EdenOfficial website, or click Visit Magic Eden on the Magic Eden wallet homepage. After connecting to the wallet, click Sign to confirm the signature and start trading.

Click on the diamond icon in the upper right corner of the official website page.

Jump to the new page and click Claim Diamonds to receive the diamond airdrop.

For new users of the Magic Eden wallet, you can currently obtain diamond rewards through three other tasks, namely Buying, Listing, and Collection Offers.

Among them, Buying means that you can earn diamonds by purchasing local NFTs on Magic Eden. The larger the purchase amount, the more you earn. Listing refers to earning diamonds by listing NFTs. The greater the possibility of selling, the more diamonds you can earn. Collection Offers are about earning diamonds by offering collection offers and getting additional rewards by providing greater liquidity.

In the Buying task, click Start Buying, select a collection from the list, select the NFT you want to buy or click Buy Floor to confirm the transaction in the wallet. In the Listing task, openHome page, select the NFT you want to list, enter the price, and click Submit Listing.

The number of diamonds directly affects the NFT airdrop. However, dont forget to keep an eye on your loyalty score to make sure it stays at 100%. The calculation standard of loyalty score is the users transaction behavior in Magic Eden in the past 6 months. Users can see the loyalty score in the personal reward center.