14/11/2025 Magic Eden launches ME·NFT buyback program…

Magic Eden launches ME·NFT buyback program…introduces policy to return 30% of profits

Magic Eden (ME) announced that it has officially launched a buyback program targeting ME tokens and NFTs.

  • It announced that 15% of platform revenue will be used for ME token buybacks, and an additional 15% for NFT purchases.
  • The policy is said to aim to strengthen demand for ME tokens and the NFT ecosystem simultaneously.The non-fungible token (NFT) marketplace Magic Eden (ME) has officially launched a buyback program targeting ME tokens and NFTs. The structure uses part of platform revenue to repurchase tokens and NFTs.
  • On the 13th (local time), Magic Eden announced on its official X (formerly Twitter) that "15% of NFT marketplace revenue will be used for ME token buybacks, and an additional 15% will be allocated to purchasing NFT collections listed on the platform."

Purchased NFTs will be stored in an on-chain repository called 'Garden of Eden'. The company said, "Buybacks will begin immediately, and NFT purchases will start with Solana (SOL)-based collections and then expand sequentially to the Bitcoin (BTC), Ethereum (ETH), and Monad ecosystems."

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The move is described as aiming to strengthen demand for ME tokens and support the NFT ecosystem simultaneously.

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