Token

Eden

Magic Eden

Magic Eden,&nbsp; a prominent marketplace for non-fungible tokens (NFTs), has recently made headlines with its decision to launch to serve Americans and global users separately. This tactical decision aligns with the platform’s aims to meet regulatory demands, particularly in the US market. This development comes after <a href="https://thecoinrise.com/magic-eden-unveils-typescript-update-for-runes-protocol/" rel="noopener noreferrer nofollow">Magic Eden launched an open-source TypeScript library</a> called “runestone-lib” in May.
<h2 id="b-separate-domains-tailored-to-region-s-specific-needs-b">Separate Domains Tailored to Region’s Specific Needs&nbsp;</h2>
<a href="https://x.com/MagicEden/status/1831772818008412314" rel="noopener noreferrer nofollow">In an X post</a>, Magic Eden announced that US users will now access Magic Eden through magiceden.us, while international users will use magiceden.io starting this month. These domains will offer the same core services while focusing more on meeting each region’s specific needs.&nbsp;
Magic Eden revealed that this development is poised to enhance user experience, ensure regulatory compliance. Overall, it is to refine market strategies in the ever-evolving NFT landscape. The community-centric NFT marketplace, which <a href="https://thecoinrise.com/magic-eden-extends-beyond-nfts-launches-mobile-wallet/" rel="noopener noreferrer nofollow">launched its first mobile wallet</a> in August, disclosed its recent partnership with D3 Global to apply for the .magic domain.&nbsp;
The NFT platform noted that the collaboration is to combine traditional internet services with Web3 applications. Soon, users will manage a single .magic domain for websites, email addresses, and digital wallets in Web3 services. This will provide a seamless experience in handling both traditional and decentralized assets, the platform added.
<h2 id="b-magic-eden-s-move-received-backlash-b">Magic Eden’s Move Received Backlash&nbsp;</h2>
Upon the domain segregation news, the crypto community voiced their discontent on X about the change in domains and division. On the other hand, some users were feeling excluded by the perceived restrictions on service access.
The complaints were centered around the specific features of the NFT marketplace, notably the absence of airdrops for US residents. <a href="https://x.com/AlphaGamer_sats/status/1831787800666239391" rel="noopener noreferrer nofollow">One user</a> even mentioned that Magic Eden was on the verge of “restricting everyone” in the US from utilizing its service and earning money. The NFT platform was labeled a “centralized entity.”
Speculations behind this separate domain decision might stem from the increasing regulatory scrutiny within the US. Nevertheless, a community member <a href="https://x.com/maskedbulldog/status/1831790305907241218" rel="noopener noreferrer nofollow">urged</a> Magic Eden to be transparent and honest regarding potential regulatory issues.&nbsp;&nbsp;&nbsp;
<h2 id="b-the-launch-of-me-token-to-boost-ecosystem-growth-b">The Launch of ME Token to Boost Ecosystem Growth</h2>
Magic Eden Foundation has been <a href="https://thecoinrise.com/magic-eden-debuts-marketplace-for-bitcoin-ordinals/" rel="noopener noreferrer nofollow">consistently expanding its services</a> in the Web3 world. The NFT platform recently introduced native token ME despite the recent market slowdown. The platform revealed that this token plays a crucial role in the platform’s decentralized ecosystem. It will provide support for the cross-chain trading , propel NFT platform growth and decentralized apps (dApps) integration for Web3 users.&nbsp;
Above all, the ME token will have a key role in governance within the Magic Eden decentralized autonomous organization (DAO) protocols. Also, it will contribute to the new Runes platform, giving the community more say in the platform’s future.&nbsp;
The post <a href="https://thecoinrise.com/magic-eden-unveils-split-domains-for-us-and-international-users/" rel="noopener noreferrer nofollow">Magic Eden Unveils Split Domains for US and International Users</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Magic Eden Unveils Split Domains for US and International Users

Table of Contents

TheCoinrise Media

Other articles published on Sep 6, 2024

Ethereum Foundation Transfers 1,000 ETH To Multi-signature Wallet, Swaps It For $DAI!

GameStop Stock Jumps as ‘Roaring Kitty’ Resurfaces, Analysts Remain Wary

Ripple co-founder signs letter endorsing Harris for president

Ripple’s Chris Larsen Backs VP Harris for 2024 Presidency

Mastering Crypto Growth: A Strategic Approach with Bumper Hedge Positions

More Pain for XRP Likely as Sellers Target $0.5: Ripple Price Analysis

Join our free newsletter for daily crypto updates!