Magic Eden (ME) is the native utility and governance token of Magic Eden, a leading cross-chain NFT marketplace. ME is designed to drive community engagement, decentralised governance, and access to platform features. By holding and using ME, users can participate in governance decisions, earn rewards for marketplace activity, and unlock exclusive experiences such as early NFT drops and gamified features. The token plays a critical role in aligning platform incentives with community growth across Magic Eden’s expanding multi-chain ecosystem.
Magic Eden (ME) operates across multiple blockchain networks, including Solana, Ethereum, Polygon, and Bitcoin Ordinals. The token adheres to native standards on each chain — such as SPL on Solana and ERC-20 on Ethereum — and is integrated into the marketplace’s smart contracts. ME supports governance voting, user rewards, and access to special platform features like Lucky Buy and tokenised real-world asset drops. Through on-chain mechanisms, ME ensures transparent participation, loyalty incentives, and seamless cross-chain utility for NFT traders and creators.
ME serves multiple functions within the Magic Eden platform. Users can vote on protocol changes and feature updates, stake their ME for community governance, and earn tokens through trading, listing, and buying activity. ME also provides access to exclusive NFT mints, gamified marketplace experiences, and experimental tokenisation projects involving physical assets like Pokémon cards. Its cross-chain operability enhances the user experience, making ME a vital asset in the decentralised NFT trading and engagement ecosystem.