Magic Eden Shares 15% of Revenue With ME Tokenholders

The corporate stated that 15% of its whole income will go to tokenholders. Half of this quantity might be used to purchase again ME tokens, and the opposite half might be given as staking rewards in USDC.

The payout will rely upon how a lot ME a consumer stakes and for a way lengthy. Tokenholders will have the ability to declare their USDC rewards each month beginning in March.

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On the similar time, Magic Eden’s co-founder and CEO, Jack Lu, shared his view that the crypto business is getting into a “hypothesis supercycle”.

He believes that the rise of prediction markets and betting platforms is altering how individuals combine cash and leisure. Lu wrote on X:

Hypothesis is mainstream now. And Magic Eden is constructing for this world.

He defined that prediction markets are actually a part of main occasions and media, whereas betting has develop into one of many fastest-growing industries within the US.

Lu additionally introduced that Magic Eden will quickly launch Dicey, a brand new crypto-based on line casino and sportsbook. The platform, anticipated to go dwell this quarter, will let customers host video games and place bets by way of a decentralized setup.

Just lately, Blockchain Sport Alliance (BGA) reported that blockchain gaming is getting into a extra steady stage after years of hypothesis and alter. How? Learn the complete story.