ME Foundation Announces the Launch of Its New $ME Token, Designed to Support Cross-Chain Protocols for Digital Asset Trading

The token will be adopted by Magic Eden, the leading Bitcoin decentralized application (dApp) and NFT platform, as its ecosystem token.

Magic Eden, the leading Bitcoin decentralized application (dApp) and non-fungible token (NFT) platform, has announced the adoption of $ME, the native token of ME Foundation, as its ecosystem token.

This integration marks a significant step in Magic Eden's evolution beyond Solana NFTs.

The move positions $ME as a key player in the rapidly expanding digital ownership landscape, setting the stage for substantial shifts in on-chain behavior.

Initially launching as a Solana NFT platform, Magic Eden has swiftly ascended the ranks to become a dominant force in the digital asset arena.

The platform boasts an impressive $6 billion in total trading volume, commanding a lion's share of both the NFT market, generating over 60% of all NFT revenue, and the Bitcoin market, handling more than 80% of Ordinals and Runes trade volume.

Of particular note is Runes, the most popular Bitcoin fungible standard, which now accounts for over 60% of all Bitcoin transactions.

The integration of $ME into Magic Eden's ecosystem is poised to amplify user engagement, especially as the platform expands its mobile capabilities through the Magic Eden Wallet.

The wallet, which already enjoys over 250,000 monthly active users, offers a suite of features, including native cross-chain swaps and digital asset management.

Users will be able to earn $ME rewards for engaging with the platform and utilizing the open-source protocols adopted by ME Foundation.

As the NFT and digital ownership ecosystem continues to flourish, other third-party dApps are expected to follow Magic Eden's lead and adopt $ME.

The token will be exclusively claimable through the Magic Eden Wallet, although it will not be available in certain jurisdictions, such as the United States.

ME Foundation Director Matt Szenics expressed his enthusiasm for the integration, envisioning $ME as the future token of consumer dApps across all major chains.

He highlighted the token's significance in catering to crypto retail users and its crucial role within a mobile-first experience.

Szenics also anticipates the end of the era of single-chain maximalism, with $ME spearheading the movement towards a more integrated, cross-chain digital asset ecosystem.

ME Foundation anticipates that the launch of $ME will drive major shifts in how users interact with digital assets, especially in mobile-native environments.

The token's integration with Magic Eden's expanding platform further underscores its potential to become a central component of the digital ownership ecosystem.

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