On April 1, the NFT marketplace Magic Eden announced that its native wallet will enter a data export-only mode starting April 1, with a complete shutdown scheduled for May 1. Users must export their private keys or recovery phrases before this date, or they will be unable to recover their assets. The wallet has been removed from major app stores, and new wallets cannot be downloaded or restored. Magic Eden had previously shut down its Ethereum and Bitcoin markets, shifting its business focus to entertainment and the Dicey application. The ME token will continue to serve as a core incentive within the ecosystem, with stakers eligible for USDC rewards, and the project team has established an ME buyback plan.
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Magic Eden Wallet Limited to Data Export from April 1, Complete Shutdown on May 1
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