Magic Eden announced that it will use 30% of its secondary market revenue to buy back ME tokens and NFTs.

NFT marketplace Magic Eden announced on its X platform that, effective immediately, 30% of its secondary market revenue will be used for buybacks; of this, 15% will be used for on-chain ME token buybacks, and the remaining 15% will be used for NFT buybacks, prioritizing NFTs on the Solana chain.