Solana NFT marketplace Magic Eden announces an airdrop and plans to launch DAO

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Magic Eden announced on February 22, 2022, that the marketplace is airdropping NFT tickets to active Magic Eden users and plans to launch a decentralized autonomous organization (DAO). The Magic Eden project started rolling out the airdrop on February 21 and has released about 4000 NFTs to active wallets. The team also announced the DAO roadmap the following day.

Magic Eden developers created three levels of Magic tickets:

  1. OGs – Active users who made their first transaction on Magic Eden from September 17 to October 17
  2. Degens – Active users who made their first transaction on Magic Eden between October 18 to December 18. 
  3. Normies – Active users who made their first transaction on Magic Eden between December 19 till date. 

The team also confirmed that a DAO is in the making, and the fundamentals behind it include: 

  • A new set of rules and mission to which they will operate 
  • Treasury and funding that can be used to fund and reward specific activities
  • Voting rights to set operation norms and determine important decisions

According to dappradar.com, Magic Eden is a popular NFT market, with all-time statistics indicating that it is the 6th largest market by NFT sales volume. It has an average price of $291.16 with over 411,539 traders and a total sales volume of $704.15M, as shown in the screenshot below. 

Also, there have been 51,283 traders on the Magic Eden marketplace in 7 days, and the average NFT price on ME is $239.07 with a total volume of $17.57million. Magic Eden is the most popular Solana NFT marketplace and has close rivals like Solanart and Solsea. Magic Eden’s recently unveiled DAO, according to the developers, is targeted at empowering the ME community.