Magic Eden launches buyback program: 15% of NFT marketplace revenue will be used to buy back ME, and another 15% will be used to buy back NFTs

Foresight News reports that the multi-chain trading platform Magic Eden has announced its first buyback program, pledging to use 15% of its NFT marketplace revenue to buy back its native token ME, and an additional 15% to purchase NFTs listed on the platform as an initial ecosystem support plan. The acquired NFTs will be stored in The Garden of Eden, a public on-chain asset vault. The token buyback will begin immediately, while the NFT buyback will start with Solana-based collections and gradually expand to Bitcoin, Monad, Ethereum, and other ecosystems throughout 2025.