Magic Eden Will Pay You to Buy and Sell Solana NFTs
Magic Eden, the leading Solana NFT marketplace, has announced a "Chapter II" initiative to further open its platform and address criticism. The company is aggregating listings from competing marketplaces, open-sourcing its marketplace smart contract, and removing its "co-sign" feature. As part of the relaunch, Magic Eden will temporarily offer a -0.25% maker fee for certain transactions, paying traders to buy and sell NFTs. Magic Eden's moves come as Tensor, a surging rival, has taken a leading market share at certain points. Market data shows Magic Eden with a lead over the last week, with nearly 44% of trading volume compared to about 40% for Tensor.