Magic Eden evolving into crypto entertainment platform, says Tiger Research

Magic Eden is evolving beyond a simple NFT marketplace into a crypto entertainment platform aimed at a mass audience, according to a report from Asia-based Web3 research and consulting firm Tiger Research. The report stated that Magic Eden first built its financial infrastructure with multi-chain wallets and asset exchange tools. It then enhanced user engagement and rewards through gamified elements like "Lucky Buy" and "Packs," alongside a token buyback program that uses 30% of its revenue. Tiger Research added that the platform is leveraging its rapid execution and market judgment to expand into high-value areas like prediction markets and integrate mobile wallets, aiming to become a key gateway for entering Web3.