X @wale.moca 🐳

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 nowMagic Eden 🪄 (@MagicEden):BUYBA ...