Magic Eden Abandons Bitcoin and Ethereum Support

Magic Eden has made significant changes to its platform, announcing it will no longer support Bitcoin and Ethereum assets. This move marks a shift in the company's approach to user adoption, as it focuses on Solana and iGaming.

The company had previously become the largest NFT marketplace by trading volume through its multi-chain approach, which allowed users to trade across different blockchains. However, Magic Eden is now leaning into an iGaming platform, with plans to continue supporting assets within Solana's ecosystem.