Magic Eden’s co-founder plans to expand beyond NFTs as speculation-driven products gain mainstream traction. The platform will launch its decentralized crypto casino and sportsbook Dicey this quarter. Magic Eden will allocate 15% of its revenue to ME token holders, split between buybacks and staking rewards paid in USDC starting in March. The NFT market cap fell 68% from $7.95 billion to $2.5 billion in 2025, but has rebounded 28% in the first 20 days of 2026 to surpass $3 billion.
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