Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

2025-05-22

XRP price to crash 30% if this happens

2025-05-22

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Magic Eden and Nifty Gateway Reveal Rewards Programs. Here’s the 101.
Magic Eden and Nifty Gateway Reveal Rewards Programs.  Here's the 101.
NFT

Magic Eden and Nifty Gateway Reveal Rewards Programs. Here’s the 101.

2023-05-25No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

NFT marketplaces Magic Eden and Handy port are leveling up. Both platforms recently announced new reward systems to boost trading activity and improve the overall user experience. With Nifty Gateway introducing its Collector Appreciation Month and being Magic Eden Chapter II programthese platforms use incentives to attract and retain users in an increasingly competitive landscape.

These moves are similar to OpenSea’s recent decision to launch OpenSea Pro, which many believe was prompted by Blur’s commanding influence and success in the marketplace. As a strategic response, OpenSea decided to boost its user base by introducing a rewards system and adjusting creator royalty rates.

Now it seems other NFT marketplaces are following OpenSea’s lead.

Magic Eden Chapter II program

In an effort to renew interest in – and engagement with – its platform, Magic Eden has launched an initiative that rewards traders with Solana’s proprietary cryptocurrency, $SOL, for their trading activity. By temporarily reducing the maker fee to -0.25%, Magic Eden offers traders the opportunity to earn $SOL on every trade.

Sellers now receive 100.25% of the listing price when they sell an NFT, and buyers receive a $SOL 0.25% discount on purchase.

However, this incentive system is just one part of a much larger strategic shift for Magic Eden.

Welcome to Chapter II. It’s time to make some changes.

As of today we are:
✅ Launch of NFT aggregation on Solana
✅ Embrace composability
✅ Temporarily -0.25% maker fee on ME. Now you can earn SOL when your offers are accepted and offers are sold! 🧵👇 pic.twitter.com/3b0QXal4re

— Magic Eden 🪄 (@MagicEden) May 24, 2023

In addition to offering rewards, the platform has unveiled an aggregation feature that aims to provide users with a one-stop shop for purchasing Solana NFTs from various marketplaces. It is also rolling back a feature that prevented Magic Eden listings from being merged by other NFT marketplaces. The platform has also committed to open-sourcing its smart contract code.

See also  NFTs are dead (for now). And that's a good thing! Confused? The same. Here's what we're talking about...

Ultimately, these moves come in response to both longstanding criticism and growing competition. The platform has long been censored by members of the NFT community for being closed source and for limiting composability capabilities across platforms, and it faces increasing threats to its market share, particularly from Tensor, a newer entrant at the Solana market.

Nifty Gateway Collector Appreciation Month

Meanwhile, Nifty Gateway is launching its own rewards program, called Collector Appreciation Month, starting in June. The program is designed to reward collectors based on their lifetime spend on Nifty Gateway. The platform has structured the reward system into six tiers, with the rewards increasing with each level of investment. At the highest level, users can earn a primary reward rate of ten percent and a secondary reward rate of five percent.

Nifty Gateway Rewards website
Credit: Nifty Gateway

Nifty Gateway’s rewards program applies to all NFTs minted on its platform, both primary and secondary marketplaces. The rewards, which are credited to collectors’ Nifty Gateway balances in USD after each qualifying transaction, provide a direct and immediate return on collectors’ activity on the platform.

These innovative reward systems signal a shift in the NFT marketplaces’ approach to user engagement, marking an important step toward fostering a more dynamic and rewarding ecosystem. As competition in the NFT space intensifies, the move by Magic Eden and Nifty Gateway not only promotes active participation, but also sets a new standard for other marketplaces to follow.

Editor’s Note: This article was written by an nft now contributor in collaboration with OpenAI’s GPT-4.



Source link

Eden Gateway Heres Magic Nifty Programs Reveal rewards
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Guild of Guardians leads with a huge volume of $ 796.62k

2025-05-20

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19

The most popular collections of the moment on blockchain

2025-05-18

Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

2025-05-17
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Polyhedra Network Partners with Cysic to Revolutionize Real-Time ZK Hardware Testing

2024-11-29

Financial Stability Board says ‘cross-border cooperation’ may be needed to regulate crypto asset intermediaries

2023-11-28

SOL price rises by more than 50% in a few days, but the uptrend is far from over

2023-11-16
Editors Picks

Trust Wallet launches Wallet as a Service (WaaS) to accelerate Web3 adoption

2023-11-10

Dogecoin (DOGE) About to Join XRP’s Big Breakout Rally, Says Crypto Strategist – Here’s Its Goal

2023-07-18

What Is Value Investing? Exploring the Timeless Investment Strategy

2024-02-15

SEC could notify spot Bitcoin ETF applicants about approval before January 3

2024-01-01
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

XRP price to crash 30% if this happens

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,099.514.22%
  • ethereumEthereum(ETH)$2,633.233.11%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.412.39%
  • binancecoinBNB(BNB)$682.914.34%
  • solanaSolana(SOL)$178.505.71%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2411236.30%
  • cardanoCardano(ADA)$0.795.22%
  • tronTRON(TRX)$0.2720330.26%
  • suiSui(SUI)$4.168.22%
  • chainlinkChainlink(LINK)$16.413.44%
  • hyperliquidHyperliquid(HYPE)$31.2018.69%
  • avalanche-2Avalanche(AVAX)$24.116.85%
  • stellarStellar(XLM)$0.2983323.17%
  • shiba-inuShiba Inu(SHIB)$0.0000154.56%
  • hedera-hashgraphHedera(HBAR)$0.2023152.98%
  • bitcoin-cashBitcoin Cash(BCH)$415.274.09%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.98%
  • the-open-networkToncoin(TON)$3.163.56%
  • polkadotPolkadot(DOT)$4.863.56%
  • litecoinLitecoin(LTC)$99.014.40%
  • moneroMonero(XMR)$398.269.08%
  • bitget-tokenBitget Token(BGB)$5.272.29%
  • pepePepe(PEPE)$0.0000146.10%
  • piPi(PI)$0.835.14%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$471.6912.61%
  • uniswapUniswap(UNI)$6.370.46%
  • aaveAave(AAVE)$253.11-3.02%
  • nearNEAR Protocol(NEAR)$2.975.91%
  • aptosAptos(APT)$5.394.62%
  • ondo-financeOndo(ONDO)$1.016.42%
  • okbOKB(OKB)$52.931.68%
  • kaspaKaspa(KAS)$0.1166655.76%
  • ethereum-classicEthereum Classic(ETC)$19.455.19%
  • internet-computerInternet Computer(ICP)$5.504.18%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.541.84%
  • gatechain-tokenGateToken(GT)$21.790.99%
  • crypto-com-chainCronos(CRO)$0.0998883.28%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2496067.60%
  • vechainVeChain(VET)$0.0300305.25%
  • render-tokenRender(RENDER)$4.986.37%
  • mantleMantle(MNT)$0.761.65%
  • ethenaEthena(ENA)$0.4099576.40%
  • usd1World Liberty Financial USD(USD1)$1.000.09%
  • arbitrumArbitrum(ARB)$0.4244826.97%
  • algorandAlgorand(ALGO)$0.2373915.16%
  • filecoinFilecoin(FIL)$3.025.36%
  • bitcoinBitcoin(BTC)$111,099.514.22%
  • ethereumEthereum(ETH)$2,633.233.11%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.412.39%
  • binancecoinBNB(BNB)$682.914.34%
  • solanaSolana(SOL)$178.505.71%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2411236.30%
  • cardanoCardano(ADA)$0.795.22%
  • tronTRON(TRX)$0.2720330.26%
  • suiSui(SUI)$4.168.22%
  • chainlinkChainlink(LINK)$16.413.44%
  • hyperliquidHyperliquid(HYPE)$31.2018.69%
  • avalanche-2Avalanche(AVAX)$24.116.85%
  • stellarStellar(XLM)$0.2983323.17%
  • shiba-inuShiba Inu(SHIB)$0.0000154.56%
  • hedera-hashgraphHedera(HBAR)$0.2023152.98%
  • bitcoin-cashBitcoin Cash(BCH)$415.274.09%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.98%
  • the-open-networkToncoin(TON)$3.163.56%
  • polkadotPolkadot(DOT)$4.863.56%
  • litecoinLitecoin(LTC)$99.014.40%
  • moneroMonero(XMR)$398.269.08%
  • bitget-tokenBitget Token(BGB)$5.272.29%
  • pepePepe(PEPE)$0.0000146.10%
  • piPi(PI)$0.835.14%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$471.6912.61%
  • uniswapUniswap(UNI)$6.370.46%
  • aaveAave(AAVE)$253.11-3.02%
  • nearNEAR Protocol(NEAR)$2.975.91%
  • aptosAptos(APT)$5.394.62%
  • ondo-financeOndo(ONDO)$1.016.42%
  • okbOKB(OKB)$52.931.68%
  • kaspaKaspa(KAS)$0.1166655.76%
  • ethereum-classicEthereum Classic(ETC)$19.455.19%
  • internet-computerInternet Computer(ICP)$5.504.18%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.541.84%
  • gatechain-tokenGateToken(GT)$21.790.99%
  • crypto-com-chainCronos(CRO)$0.0998883.28%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2496067.60%
  • vechainVeChain(VET)$0.0300305.25%
  • render-tokenRender(RENDER)$4.986.37%
  • mantleMantle(MNT)$0.761.65%
  • ethenaEthena(ENA)$0.4099576.40%
  • usd1World Liberty Financial USD(USD1)$1.000.09%
  • arbitrumArbitrum(ARB)$0.4244826.97%
  • algorandAlgorand(ALGO)$0.2373915.16%
  • filecoinFilecoin(FIL)$3.025.36%