According to Mars Finance, Solana's ecosystem NFT marketplace, MagicEden, will gradually cease support for the Ethereum Virtual Machine and the Bitcoin Runes and Ordinals marketplaces. CEO and co-founder Jack Lu stated that the marketplaces will cease operations on March 9th, the Bitcoin API will be shut down on March 27th, and the crypto wallet service will end on April 1st. Lu also stated that the company will terminate its NFT buyback program and invest resources in its prediction market, Dicey. He indicated that most of the platform's costs are concentrated on products that contribute less revenue, and that the company will retain the more profitable NFTPack product and focus on developing its crypto entertainment business.
MagicEden CEO announces plans to discontinue support for Ethereum and Bitcoin NFTs, shifting towards prediction markets.
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