Magic Eden Wallet Limited to Data Export Starting April 1, Fully Ceasing Operations on May 1

BlockBeats News: On April 1, NFT marketplace Magic Eden announced that its native wallet will enter data export-only mode starting April 1 and will completely cease operations on May 1. Users must export their private keys or mnemonic phrases before this date; otherwise, assets will be unrecoverable. The wallet has already been removed from major app stores, and new wallets cannot be downloaded or restored. Magic Eden had previously shut down its Ethereum and Bitcoin marketplaces, shifting its business focus to entertainment and Dicey applications. The ME token will remain the core incentive within the ecosystem, with stakers eligible to receive USDC rewards. The project team has also established an ME buyback program.