Magic Eden is discontinuing its wallet app, transitioning to an export-only mode, which means users must export their private keys to avoid losing access to their funds. This change emphasizes the importance of self-custody and key preservation for cryptocurrency users.

Magic Eden is discontinuing its wallet app, transitioning to an export-only mode, which means users must export their private keys to avoid losing access to their funds. This change emphasizes the importance of self-custody and key preservation for cryptocurrency users.

Magic Eden began phasing out its native multi-chain wallet on April 1, 2026, transitioning the application to export-only mode and removing it from all app stores, with full shutdown scheduled for May 1, 2026.

Magic Eden announced that its native wallet will completely stop providing services on May 1, 2026. Users must export their private key or seed phrase before the deadline; otherwise, they will lose access to their assets. Recently, Magic Eden has continued to scale back its business, pivoting to focus on the Solana ecosystem and the iGaming platform Dicey, and has adjusted the ME tokenomics model to connect it with platform revenue.

The NFT marketplace Magic Eden announced that its native crypto wallet will enter “withdraw-only” mode starting April 1, and will fully stop operating on May 1. Users must withdraw their private keys or seed phrases before May 1; otherwise, they will permanently lose their assets. The wallet has been delisted and cannot be downloaded again. This shutdown is part of Magic Eden’s business transformation, shifting its focus toward crypto entertainment. The ME token incentive program is not affected, but the price is near its historical low.

Magic Eden announces the gradual shutdown of its Ethereum and Bitcoin NFT businesses, focusing on the online casino Dicey. CEO Jack Lu stated that an imbalance between costs and benefits prompted the transformation, and two months of closed beta testing for Dicey have demonstrated early demand. In the future, resources will be concentrated on businesses with greater profit potential, while the Solana NFT marketplace and the "NFT Bundle" product will still be maintained.

In brief Magic Eden’s multi-chain approach is coming to an end. The NFT marketplace will stop supporting assets tied to Bitcoin and Ethereum. The company is leaning into an iGaming platform. Magic Eden co-founder and CEO Jack Lu disclosed on Friday that the NFT marketplace and token

In brief Magic Eden’s multi-chain approach is coming to an end. The NFT marketplace will stop supporting assets tied to Bitcoin and Ethereum. The company is leaning into an iGaming platform. Magic Eden co-founder and CEO Jack Lu disclosed on Friday that the NFT marketplace and token

This week, focus on Magic Eden's abandonment of multi-chain strategies and its impact on the NFT market, ETHZilla's asset tokenization transformation, Aave Labs' trust crisis, Zuckerberg's new attempts in the stablecoin field, and the potential risks of AI in the cryptocurrency market. The analysis suggests that the future of NFTs will depend on the co-evolution of technology and user demand, while new business models and challenges emerge in areas such as Coinbase, Stripe, and DeFi.

Written by: Glendon, Techub News In this crypto winter, the NFT sector is undoubtedly the "hardest hit." Trading volumes plummet, users leave, and project teams withdraw funding—all signs that the market's development seems to have hit the rewind button. Following the closures of NFT trading platform Nifty Gateway and NFT social platform Rodeo in January, another NFT platform plans to terminate some of its operations, seeking transformation and survival in the cold winter. Magic Eden, once a phenomenon-level multi-chain platform in the NFT market, is also inevitably undergoing a strategic contraction crucial to its survival: shutting down the Bitcoin and Ethereum EVM markets and ceasing support for its multi-chain wallet. Yesterday, according to