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Bitcoin NFTs Axed By Magic Eden In Strategic Gambling Pivot

Bitcoinist|Christian Encila|March 3, 2026 at 04:00 AM|1 views

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🤖AI Summary

Magic Eden, a major Solana NFT marketplace, is quietly reducing its Bitcoin NFT operations and multi-chain presence as part of a strategic pivot. The company plans to discontinue several services by March and April 2024, signaling a retreat from its previous expansion efforts into Bitcoin and other blockchain networks.

Key Takeaways

→Magic Eden is shrinking its Bitcoin NFT operations after previously expanding into multiple chains.
→Several services will be discontinued by March and April 2024 as part of the strategic shift.
→The move represents a retreat from the company's earlier multi-chain expansion strategy.
→Magic Eden appears to be refocusing on its core Solana marketplace business.
→The pivot suggests challenges in maintaining profitable operations across multiple blockchain networks.

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