Magic Eden Shuts Down Bitcoin and EVM Marketplaces

According to sources cited by Blockspace, Magic Eden is set to withdraw from its Bitcoin and EVM marketplaces, marking a significant shift in the company's business strategy.

The move is expected to be announced as early as Friday, with the closure of these services scheduled for the first week of March. This will bring an end to Magic Eden's involvement in these two areas, which have been a part of its operations until now.

Moreover, the company plans to discontinue its cross-chain wallet service, which will transition into export-only mode by mid-March and cease entirely by early April.

It is worth noting that Magic Eden will continue to support NFTs and assets on Solana, indicating a focus on this particular blockchain network moving forward. The development has sparked interest in the crypto community, with many awaiting further details on the company's plans.