Big news from Magic Eden:
Yesterday they introduced their NFT buyback program for collections listed on their marketplace.
People buy NFTs on Magic Eden -> trading fees -> buyback NFTs from the respective collection.
This could be very interesting and have some actual long-term impact on NFTs.
They also announced that 15% of trading fees will be allocated towards $ME buybacks.
Magic Eden is currently making $500k+ a month in trading revenue, and I expect that number to increase now
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