Magic Eden winds down EVM, Bitcoin NFT markets to focus on gambling

Magic Edin is shifting resources from NFTs to its casino platform Dicey, as a closed beta saw $15 million wagered by around 200 users in two months.

Solana-based nonfungible token (NFT) marketplace Magic Eden is winding down its support for Bitcoin and Ethereum as it plans to double down on its upcoming online casino and sportsbook, Dicey.  

Magic Eden CEO and co-founder Jack Lu said in an X post on Friday that it is winding down support for its Ethereum Virtual Machine and Bitcoin-based Runes and Ordinals marketplaces on March 9, followed by its Bitcoin API on March 27, and its crypto wallet on April 1.

He added that the platform will end its NFT buyback program and would be “doubling down” on Dicey, with Lu saying there is a “massive opportunity” in iGaming, or online gambling. 

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