TechFlow News, February 27: According to Blockspace, NFT marketplace Magic Eden plans to shut down its Bitcoin and EVM marketplaces and discontinue its multichain wallet service. Sources familiar with the matter revealed that Magic Eden may announce this decision as early as this Friday, with the Bitcoin and EVM marketplaces scheduled to close during the first week of March. Subsequently, its multichain wallet will enter “export-only” mode in mid-March and fully cease operations by early April.
Notably, Magic Eden will continue supporting Solana NFTs and assets, signaling a strategic return to its original Solana ecosystem. Previously, Magic Eden was the dominant marketplace for Bitcoin Ordinals—a Bitcoin-specific NFT standard. Jack Lu, CEO of Magic Eden, previously stated that the company is shifting its focus from NFT marketplaces toward the broader “crypto entertainment” space, including emerging areas such as prediction markets.
