MagicEden CEO says they will stop supporting Ethereum and Bitcoin NFT markets to shift toward prediction markets

ZkProver · 2026-03-29T08:48:10+00:00

MagicEden, an NFT marketplace in the Solana ecosystem, will cease support for Ethereum Virtual Machine and Bitcoin Runes and Ordinals markets starting March 9. CEO Jack Lu stated that the NFT buyback program will be terminated to focus resources on the profitable NFTPack products and crypto entertainment business.

ZkProver

2026-03-29 08:48:10

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ChainCatcher report: In the Solana ecosystem, the NFT marketplace MagicEden will gradually stop supporting the Ethereum Virtual Machine and the Bitcoin Runes and Ordinals markets. Jack Lu, CEO and co-founder, said the related markets will cease operations starting March 9, the Bitcoin API will be shut down on March 27, and crypto wallet services will end on April 1.

Jack Lu said the company will terminate its NFT buyback program and put resources into its prediction market Dicey. He said that most of the platform’s costs are concentrated in products that generate relatively low revenue. Going forward, it will keep the NFTPack product, which has stronger profitability, and will focus on developing its crypto entertainment business.

ETH-1.54%

BTC-0.83%

SOL-2.5%

ORDI-3.52%

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