United

Eden

Magic Eden

Magic Eden, a popular NFT marketplace, recently announced a new, US-exclusive domain for users in the United States. This move, which was revealed on September 5, promises to continue offering familiar services but also brings changes that have caused frustration among users.
The international .io domain of Magic Eden will feature new and improved functions, while the US domain will not have access to these upgrades. This has led to significant backlash from the crypto community, with many feeling excluded and unhappy about the limitations on their access.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdpbxi09L9jLcG06q7gHPRRqnFcZf6_h-HuJXjCyxfPmfCbyMYR36jmnQOC9ouORNrpXOjT5Yd-qkcTItp7R57lL3aYQjFuFUk78bxOZ6ZihDcAdfgP1tKcWrxYmyWTm4pZb7TWRJEHbUHgVVaIXi7CttQ?key=PYX_jOuE7z6exgiuDy1g5A" alt="AD 4nXdpbxi09L9jLcG06q7gHPRRqnFcZf6 h HuJXjCyxfPmfCbyMYR36jmnQOC9ouORNrpXOjT5Yd">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/MagicEden/status/1831772818008412314" target="_blank" rel="noopener noreferrer nofollow">Twitter</a>
 </figcaption>
 </figure>
</div>
One major concern is that features like airdrops, which are popular among users, will not be available to those in the US. Critics argue that this move reflects a broader trend of increasing centralization and regulatory pressures affecting NFT platforms.&nbsp;
Some users have accused Magic Eden of restricting its US users due to regulatory challenges, particularly following a recent Wells notice issued by the SEC to the NFT platform OpenSea.
The community is calling for clearer communication from Magic Eden, with some users demanding transparency about the reasons behind these changes. As the situation evolves, many are hoping for a resolution that addresses their concerns while balancing regulatory requirements.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/08/29/ripple-clo-alderoty-challenges-us-secs-regulatory-approach-on-nfts/" target="_blank" rel="noopener noreferrer nofollow">Ripple CLO Alderoty Challenges US SEC’s Regulatory Approach on NFTs</a>
</blockquote>

Magic Eden Faces Criticism for Segregating US Services

The Crypto Times

Other articles published on Sep 6, 2024

Ethereum Impacts Multiple Sectors

Anime-Infused Gameplay: how anime culture is shaping the future of gaming

Telegram CEO Pavel Durov Released on €5M Bail Amid Serious Charges

New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps

Bitcoin Price Experiences Sharp Decline

Prolific Game Studio Announces the Launch of $PRO Coin on The Open Network

Join our free newsletter for daily crypto updates!