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

Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

2025-05-20

Ethereum sees $ 205 million inflow after Pectra Upgrade Sparks Investor Confidence

2025-05-20

Milei closes Libra Task Force and investigates ties with its administration

2025-05-20
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

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20
  • 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

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20
  • Learn

    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

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Users cancel NFT Marketplace Magic Eden after domain changes
NFT

Users cancel NFT Marketplace Magic Eden after domain changes

2024-09-07No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

NFT marketplace Magic Eden sparked controversy on Friday after it decided to split its domains between the US and other global regions. This move has raised concerns among US users about how these changes will affect them.

Meanwhile, the NFT sector continues to struggle, with failure rates rising. A recent report found that 96% of NFT projects have failed, highlighting the challenges the industry faces.

The restructuring of the Magic Eden domain is causing concern

Solana-based NFT marketplace Magic Eden announced a domain restructuring in a recent post on X (formerly Twitter), outlining a separation between US and international users. Starting in September, US users will be able to access the platform via magiceden.us, while others will use magiceden.io.

The international domain will focus on new features, while the US site will continue to offer the current range of services. However, the core services remain consistent across both platforms.

“Today we’re announcing the new magiceden.io for international users, plus magiceden.us, for users in the United States. The US will still have great products you know and love, while .IO will give us the ability to cook (and sauté) even more features…” read the announcement.

Read more: 7 Best NFT Marketplaces You Need to Know About in 2024

Amid the changes, users, especially in the US, say Magic Eden’s domain restructuring is a step to avoid a possible Wells Notice. These concerns stem from the recent regulatory attack on New York-based NFT marketplace OpenSea.

At the end of August, the US Securities and Exchange Commission (SEC) published a Wells Notice against OpenSea. As BeInCrypto reported, the regulator has taken steps to classify NFTs as securities, with the market’s co-founder and CEO Devin Finzer pulling out.

See also  Billionaire Mark Cuban Says NFT Marketplace OpenSea Making ‘Huge Mistake’ With New Royalty System

Given OpenSea’s influence on the NFT market, tensions have arisen in the industry, prompting players like Magic Eden to restructure. Other users in the US are concerned about a possible crackdown on Magic Eden, hence the move to separate companies.

“Exactly, just tell us straight: why the smoke mirrors… if we have to have confidence in these exchanges, just say: US regulators are coming after us, we’ll bounce out, make your decisions accordingly,” one X user expressed.

Notably, the SEC continues to restrict services such as airdrops, commonly offered by NFT projects, in the US by classifying all digital assets as securities. This became clear in the case involving Texas-based Beba LLC and the DeFi Education Fund (DEF).

Meanwhile, amid regulatory issues, scams and other reasons, the NFT boom has been steadily dying down. BeInCrypto reported that 96% of NFT projects are considered dead.

Read more: 10 Best NFT Marketing Agencies to Promote Your Digital Art

Despite the backlash, Magic Eden remains a dominant force in the NFT market, on par with OpenSea. According to a recent report from CoinGecko, Magic Eden has 36.7% of the market share. In August alone, the platform recorded a monthly trading volume of $122.47 million.

Magic Eden Beats Blur NFT Marketplace Trading Volume, Source: CoinGecko

Data from DappRadar shows that after surpassing Blur in NFT trading volume by $108 million in May, Magic Eden is maintaining the streak, with more traders on its platform than Blur. Its success is largely attributed to Bitcoin Ordinals.

See also  Blur's NFT lender Blend sees volume reach $225 million in less than a month

Source link

cancel domain Eden Magic marketplace NFT Users
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

Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

2025-05-17
Add A Comment

Comments are closed.

Top Posts

Solana (SOL) Creator Anatoly Yakovenko Says This ‘Killer App’ Could Cause The Next Boom In Crypto Adoption

2023-05-16

Could a deeper decline be in store?

2024-12-30

Shiba Inu (SHIB) is more of a successful Memecoin than PEPE and DOGE

2023-05-05
Editors Picks

Emmer slams Gensler for ‘inconsistency, incompetence’ on SAB 121

2024-05-07

If you bought Bored Ape NFTs at the peak, you will have lost 93% of your investment

2024-09-04

Bitcoin stays rebound – but is the momentum really bullish?

2025-04-04

Fueled by artistic passion, NFTs have found a permanent home in the art world

2023-05-11
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

Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

Ethereum sees $ 205 million inflow after Pectra Upgrade Sparks Investor Confidence

Milei closes Libra Task Force and investigates ties with its administration

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)$106,900.001.03%
  • ethereumEthereum(ETH)$2,521.760.24%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-1.30%
  • binancecoinBNB(BNB)$651.01-0.02%
  • solanaSolana(SOL)$167.980.97%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2258930.77%
  • cardanoCardano(ADA)$0.740.15%
  • tronTRON(TRX)$0.2683340.90%
  • suiSui(SUI)$3.891.46%
  • chainlinkChainlink(LINK)$15.67-0.50%
  • avalanche-2Avalanche(AVAX)$22.591.95%
  • stellarStellar(XLM)$0.2875330.51%
  • hyperliquidHyperliquid(HYPE)$26.12-1.56%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.09%
  • hedera-hashgraphHedera(HBAR)$0.1946931.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.771.81%
  • bitcoin-cashBitcoin Cash(BCH)$393.580.46%
  • the-open-networkToncoin(TON)$3.082.09%
  • polkadotPolkadot(DOT)$4.671.97%
  • litecoinLitecoin(LTC)$93.84-4.58%
  • moneroMonero(XMR)$350.482.48%
  • bitget-tokenBitget Token(BGB)$5.15-0.69%
  • piPi(PI)$0.773.62%
  • pepePepe(PEPE)$0.000013-1.36%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • aaveAave(AAVE)$258.687.15%
  • uniswapUniswap(UNI)$5.960.65%
  • bittensorBittensor(TAO)$417.762.09%
  • nearNEAR Protocol(NEAR)$2.791.62%
  • aptosAptos(APT)$5.13-0.84%
  • okbOKB(OKB)$51.97-0.78%
  • ondo-financeOndo(ONDO)$0.942.07%
  • kaspaKaspa(KAS)$0.1107313.28%
  • internet-computerInternet Computer(ICP)$5.251.24%
  • ethereum-classicEthereum Classic(ETC)$18.34-0.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.898.58%
  • gatechain-tokenGateToken(GT)$21.50-0.43%
  • crypto-com-chainCronos(CRO)$0.0968641.03%
  • mantleMantle(MNT)$0.752.99%
  • vechainVeChain(VET)$0.0283521.44%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231489-0.41%
  • render-tokenRender(RENDER)$4.631.46%
  • ethenaEthena(ENA)$0.3770433.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • algorandAlgorand(ALGO)$0.2234840.79%
  • arbitrumArbitrum(ARB)$0.3922120.66%
  • filecoinFilecoin(FIL)$2.850.07%
  • bitcoinBitcoin(BTC)$106,900.001.03%
  • ethereumEthereum(ETH)$2,521.760.24%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-1.30%
  • binancecoinBNB(BNB)$651.01-0.02%
  • solanaSolana(SOL)$167.980.97%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2258930.77%
  • cardanoCardano(ADA)$0.740.15%
  • tronTRON(TRX)$0.2683340.90%
  • suiSui(SUI)$3.891.46%
  • chainlinkChainlink(LINK)$15.67-0.50%
  • avalanche-2Avalanche(AVAX)$22.591.95%
  • stellarStellar(XLM)$0.2875330.51%
  • hyperliquidHyperliquid(HYPE)$26.12-1.56%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.09%
  • hedera-hashgraphHedera(HBAR)$0.1946931.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.771.81%
  • bitcoin-cashBitcoin Cash(BCH)$393.580.46%
  • the-open-networkToncoin(TON)$3.082.09%
  • polkadotPolkadot(DOT)$4.671.97%
  • litecoinLitecoin(LTC)$93.84-4.58%
  • moneroMonero(XMR)$350.482.48%
  • bitget-tokenBitget Token(BGB)$5.15-0.69%
  • piPi(PI)$0.773.62%
  • pepePepe(PEPE)$0.000013-1.36%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • aaveAave(AAVE)$258.687.15%
  • uniswapUniswap(UNI)$5.960.65%
  • bittensorBittensor(TAO)$417.762.09%
  • nearNEAR Protocol(NEAR)$2.791.62%
  • aptosAptos(APT)$5.13-0.84%
  • okbOKB(OKB)$51.97-0.78%
  • ondo-financeOndo(ONDO)$0.942.07%
  • kaspaKaspa(KAS)$0.1107313.28%
  • internet-computerInternet Computer(ICP)$5.251.24%
  • ethereum-classicEthereum Classic(ETC)$18.34-0.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.898.58%
  • gatechain-tokenGateToken(GT)$21.50-0.43%
  • crypto-com-chainCronos(CRO)$0.0968641.03%
  • mantleMantle(MNT)$0.752.99%
  • vechainVeChain(VET)$0.0283521.44%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231489-0.41%
  • render-tokenRender(RENDER)$4.631.46%
  • ethenaEthena(ENA)$0.3770433.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • algorandAlgorand(ALGO)$0.2234840.79%
  • arbitrumArbitrum(ARB)$0.3922120.66%
  • filecoinFilecoin(FIL)$2.850.07%