Magic Eden Receives Backlash for Separating US Utilities
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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.
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.
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.
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