Magic Eden Rivals Say NFTs on Solana’s Biggest Marketplace Are at Risk

[AJBot]

In brief Leading Solana NFT marketplace Magic Eden has faced growing criticism about recent platform changes and its escrow-based trading model. Magic Eden defended its API changes in comments to Decrypt and said that it plans to switch to a non-escrow system in the future. There’s no bigger player than Magic Eden in the Solana NFT space. Launched last fall, the marketplace routinely commands 90% or more of all trading volume on Solana and has turned that dominance into a $1.6 billion val ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.