NFT Token Airdrop For Bitcoin Ordinals Traders On Magic Eden

On Mar 8, 2024

Non-Fungible DAO’s plan to airdrop their “NFT” tokens for Bitcoin Ordinals traders on the Magic Eden marketplace. This article will delve into the details of this airdrop and what it means for both NFT collectors and traders.

What is the Non-Fungible DAO?

Before we dive into the specifics of the token airdrop, it is important to understand what the Non-Fungible DAO is and their role in the NFT space. The Non-Fungible DAO, or decentralized autonomous organization, is a community-driven platform dedicated to fostering and promoting the protocols necessary for the future of NFT commerce. As a decentralized organization, it is owned and operated by its community members, making it a truly community-driven initiative.

The Airdrop Details

The Non-Fungible DAO’s airdrop plans to reward users of MSigner, an open-source tool developed by Magic Eden. MSigner facilitates the signing of Partially Signed Bitcoin Transactions (PSBTs) for Ordinals transactions. This includes all traders on the Magic Eden marketplace who have traded in the past, are trading presently, or will trade in the future. This means that even if you have traded on the platform before, you are still eligible to receive the airdrop.

So far, over 75 million PSBTs have been signed using MSigner and there have been more than 1.3 million Ordinals swaps on the marketplace, according to the Non-Fungible DAO. This shows the significant impact and adoption of MSigner on the Magic Eden platform.

Great news for ALL Ordinals lovers! We’re proud to remind you that $NFT will be rewarded to people for their past, present, and future usage of msigner, an open-source Ordinals Partially Signed Bitcoin Transaction (PSBT) signer library powering @MEonBTC, the top Ordinals… pic.twitter.com/zTsdmekXXs
— Non-Fungible DAO (@Non_FungibleDAO) March 7, 2024

In addition to rewarding traders on the Magic Eden marketplace, the Non-Fungible DAO has expressed its support for other platforms willing to adopt MSigner. This hints at the possibility of traders on these platforms also receiving benefits from the token airdrop. This further solidifies the Non-Fungible DAO’s commitment to promoting and supporting the growth of NFT protocols.

Magic Eden’s Role

Magic Eden, closely associated with the Non-Fungible DAO, is one of the leading cross-chain marketplaces in terms of trading volume. They have also announced plans to open-source their NFT minting and trading technologies to the Non-Fungible DAO. This strategic partnership will not only benefit the DAO, but also traders on the Magic Eden platform through the token airdrop.

The protocols for the upcoming airdrop include MSigner on Bitcoin, Magic Eden’s Ethereum launchpad contract, and its Solana marketplace and collection offers/automated market maker smart contracts. These protocols ensure that the airdrop is fair and inclusive for all traders on the Magic Eden marketplace.

Strategic Open-Source Initiative

The Non-Fungible DAO had previously indicated their plans to reward Bitcoin Ordinals traders using MSigner, however, detailed information had not been provided until now. With this article, we hope to provide a better understanding of what the airdrop entails and how it will benefit traders on the Magic Eden platform.

The identities of the individuals behind the Non-Fungible DAO have not been disclosed, and as mentioned before, it operates as a separate entity from Magic Eden. However, their dedication to promoting NFT protocols and supporting the growth of the NFT space cannot be ignored.

Conclusion

In conclusion, the Non-Fungible DAO’s airdrop of “NFT” tokens for Bitcoin Ordinals traders on the Magic Eden marketplace is a positive step towards promoting and supporting the growth of NFT protocols. This move not only benefits traders on the Magic Eden platform but also shows the commitment of the Non-Fungible DAO to the future of NFT commerce. With no specific launch date announced for the “NFT” token, we can only wait and see how this airdrop will impact the NFT space as a whole. So, it is an exciting time for NFT collectors and traders alike as we witness the evolution and growth of this innovative technology.