In accordance with their participation on the site, members of <a href="https://www.cryptoknowmics.com/news/magic-eden-introduces-a-protocol-to-ensure-creator-royalties">Magic Eden</a> will now be able to earn awards, discounts, and other benefits. On December 14, Magic Eden Rewards will <a href="https://twitter.com/MagicEden/status/1603156920713347072" target="_blank" rel="nofollow noopener">formally</a> debut.

https://twitter.com/MagicEden/status/1603156920713347072
<h2>Magic Eden to Offer Discounts and Incentives</h2>
The action by Solana's largest <a href="https://www.cryptoknowmics.com/news/bybit-offers-new-kyc-rules-for-p2p-trading-fiat-deposits-and-nft-trades">NFT</a> and gaming marketplace comes after earlier attempts to increase user engagement on the network, including the reinstatement of the artists' royalty protective measure and the employment of a Chief Gaming Officer named Chris Akhavan to expand <a href="https://www.cryptoknowmics.com/news/starbucks-releases-beta-version-of-web3-odyssey-loyalty-program">web3</a> gaming sales on Magic Eden.

The CEO of Magic Eden, Jack Lu, and the head of marketing, Tiffany Huang, explained to the resources that this technology is distinct from Open Creator Protocol, with the goal of enabling creators to encourage royalty fees through various protocol-enabled methods, including variable royalties pricing, customizable transferability, and secured royalties.
<h2>Cost Abolishment Until 2023</h2>
The CEOs also said that even though Magic Eden costs would be abolished until 2023, consumers may anticipate transaction reductions between 5% and 45%, depending on the trader's position, until the fees resume. Furthermore, even if the cost of Magic Eden Rewards NFTs is determined by market value, the business is collaborating with strategic partnerships to bring open beta invite codes and trade research tools to the offering.

Magic Eden Offers Market Customers Discounts and Incentives System

In accordance with their participation on the site, members of Magic Eden will now be able to earn awards, discounts, and other benefits.

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Magic Eden Offers Market Customers Discounts and Incentives System

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