Magic Eden Adopts $ME as Official Token for Cross-Chain Trading
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Magic Eden announced the $ME token as its official ecosystem token on August 22.
According to a press release by ME Foundation, $ME will be integrated into Magic Eden’s wallet, enabling users to manage and trade digital assets across multiple blockchain networks.
Magic Eden, originally launched as a Solana-based non-fungible token (NFT) platform, has expanded its scope to include multiple blockchain networks, including Bitcoin, Ethereum, and Polygon.
The release stated that integrating $ME into their wallet is part of a broader strategy to support a wide range of digital assets, allowing users to engage with different blockchains more seamlessly.
“People should be able to trade fungibles & NFTs on any major chain any time, all in 1 place.” the ME Foundation tweeted. “First, $ME will be adopted by @MagicEden, the largest BTC dApp, NFT platform, and Runes DEX,” a social media post reads.
Announcing $ME, powering the #1 cross chain dApps ecosystem
People should be able to trade fungibles & NFTs on any major chain any time, all in 1 place. First, $ME will be adopted by @MagicEden, the largest BTC dApp, NFT platform, and Runes DEX.
The $ME claim will be in… pic.twitter.com/XFxACAeRyW
“I’m excited about $ME for two reasons. First, this token will resonate with crypto retail users because it represents the potential of consumer dApps built for them,” said ME Foundation Director Matt Szenics.
The token is expected to play a crucial role in the platform’s continued expansion, particularly as it explores mobile-first solutions and broadens its
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