NFT trading platform Magic Eden announced the launch of a token called ME, replacing the previously planned "NFT" token. It is reported that the ME Foundation will issue the token through the Magic Eden Wallet official wallet.
Matt Szenics, director of the ME Foundation, said that the decision to change the name stems from the expansion of Magic Eden's business scope and is no longer limited to the NFT market. ME tokens will only be available to eligible users through Magic Eden mobile and desktop wallets. Although the specific issuance time and distribution method have not yet been determined, it may include airdrops to Magic Eden traders who receive Diamond rewards.