Magic Eden launches buyback program: 15% of NFT marketplace revenue will be used to buy back ME, another 15% will buy back NFTs

Techub News, Magic Eden announced the launch of its first buyback program, committing 15% of its NFT marketplace revenue to repurchase its native token ME, and an additional 15% to buy NFT collections listed on its platform as part of an initial ecosystem support initiative. These repurchased NFTs will be held in The Garden of Eden, a public on-chain asset treasury. The token buyback will commence immediately, while the NFT buyback will start with Solana-based collections and gradually expand to Bitcoin, Monad, Ethereum, and other ecosystems throughout 2025.