Magic Eden winds down EVM, Bitcoin NFT markets to focus on gambling
Magic Eden is shifting resources from NFTs to its casino platform Dicey, after a closed beta saw $15 million wagered by around 200 users in two months.
Solana-based non-fungible token (NFT) marketplace Magic Eden is scaling back its Ethereum and Bitcoin NFT operations as it pivots toward its online casino and sportsbook platform, Dicey.
CEO and co-founder Jack Lu said in a post on X that support for Ethereum Virtual Machine (EVM) and Bitcoin-based Runes and Ordinals marketplaces will end on March 9, followed by its Bitcoin API on March 27 and its crypto wallet on April 1.
He added that the platform will end its NFT buyback program and would be “doubling down” on Dicey, with Lu saying there is a “massive opportunity” in iGaming, or online gambling.
Read more
