If you were an early Solana enthusiast trading NFTs on Magic Eden back in the 2021 bull run, you’re in for a treat with the Diamond rewards drop.
Magic Eden’s enhanced cross-chain rewards program now introduces the enticing “Retro Diamond Drop.” On top of earning Diamonds for various activities such as buying, listing, and collecting NFTs on the multi-chain platform, users who have been active on Magic Eden since its launch on Solana in September 2021 can now claim additional Diamonds.
The amount of Diamonds available for each user depends on factors like trading volume, the number of trades conducted, total collections owned, and overall NFTs owned. Moreover, those with a 100% loyalty score—indicating exclusive usage of Magic Eden for listings and pools—will enjoy a 100% bonus on their Diamonds.
This Retro Diamond Drop complements the existing rewards program, where users already receive Diamonds for completing quests and daily logins.
Introduced on January 23, Magic Eden Rewards aims to give back to everyone who contributed to the NFT community. Unlike traditional programs that mainly incentivize listing and placing offers, this unique initiative also rewards users for purchasing native listings on Magic Eden and accepting offers.
Tiffany Huang, the General Manager of Magic Eden, stated in a tweet that users can claim Diamonds on every wallet they’ve ever used on the platform.
The Retroactive Rewards extend beyond Solana, with Diamonds set to become available on other chains soon. They will be integrated into Magic Eden’s upcoming Ethereum NFT marketplace, scheduled for launch in late February. Subsequently, the rewards will be extended to Bitcoin and Ethereum scaler Polygon.
In response to inquiries on Twitter, Magic Eden’s Bitcoin account hinted at upcoming Bitcoin rewards, affirming that loyalty across timelines will be rewarded.
“Loyalty gets rewarded. Past, present, and future,” replied the account when questioned about potential Bitcoin rewards.
Interestingly, the same user activity contributing to the Diamond reward system will also benefit users during the upcoming NFT token drops by the Non-Fungible DAO. Users will receive tokens based on their trading activity for the protocols they govern, including the Magic Eden ecosystem. While distinct from Magic Eden’s Diamond rewards, the NFT token drop via Non-Fungible DAO runs in parallel, providing additional advantages to users. The launch details and distribution specifics for the NFT token are still pending finalization.
