The NFT marketplace Magic Eden has announced that its native wallet will enter export-only mode on April 1 and cease operations entirely on May 1. Users must export their private keys or seed phrases before this time, or they will be unable to recover their assets. The wallet has been removed from app stores, and new wallets can no longer be downloaded or restored. Magic Eden previously shut down its Ethereum and Bitcoin marketplaces, shifting its focus toward entertainment and the Dicey app. The ME token remains central to ecosystem incentives, with stakers receiving USDC rewards, and the project has established an ME buyback program.
Magic Eden Wallet to Cease Operations on May 1; Users Urged to Export Private Keys
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Summary
NFT news: Magic Eden announced that its native wallet will enter export-only mode on April 1 and will be fully shut down by May 1. Users must export their private keys or recovery phrases before the deadline. The wallet is no longer available on app stores. Magic Eden has discontinued its Ethereum and Bitcoin markets, now focusing on entertainment and the Dicey app. The ME token remains central to incentives, with stakers earning USDC rewards and a buyback program in place. On-chain developments indicate the project is shifting strategy while preserving token utility.
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