Magic Eden, a multi-chain NFT marketplace, has announced a new initiative that rewards traders for buying and selling Solana NFTs by earning $SOL. The platform has temporarily reduced its maker fee to minus 0.25%, allowing traders to earn $SOL when buying and selling NFTs.
Magic Eden has also introduced an aggregation feature that enables users to purchase Solana NFTs across competitive marketplaces and pledged to open-source its smart contract code. The move comes in response to increasing competition from Tensor, a rival NFT marketplace that has been eating into Magic Eden's market share.
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