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Magic Eden winds down EVM, Bitcoin NFT markets to focus on gambling

CoinTelegraph|Cointelegraph by Brian Quarmby|March 2, 2026 at 04:20 AM|1 views

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🤖AI Summary

Magic Eden is winding down its EVM and Bitcoin NFT marketplaces to pivot toward gambling, focusing resources on its casino platform Dicey. The closed beta of Dicey generated $15 million in wagers from approximately 200 users over two months, indicating strong early traction.

Key Takeaways

→Magic Eden is shutting down its EVM and Bitcoin NFT markets to pivot away from NFTs
→The company is reallocating resources to focus on its gambling platform called Dicey
→Dicey's closed beta saw $15 million wagered by around 200 users in just two months
→This represents a significant strategic shift from NFT trading to crypto gambling
→The move suggests declining NFT market conditions and growth potential in crypto gaming/gambling

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