PANews reported on December 10 that Jack Lu, co-founder and CEO of Magic Eden, said in a post on X that the adoption of ME tokens is to expand the community, develop the platform and increase everyone's share of revenue. The next version of Magic Eden will be similar to Binance on a chain, allowing users to trade all assets on all chains.

In addition, Jack Lu said that community-first features will be launched to reward loyal users, including integrating ME into the next stage of development of its rewards program. In addition, there will be other new ways for users to earn ME by contributing to the ecosystem without directly using its products.