NFT marketplace Magic Eden plans to pause support for the Bitcoin network and EVM-compatible blockchains, and to wind down its cross-chain wallet operations. Blockspace reported this, citing its sources.
Magic Eden launched as an NFT marketplace in the Solana ecosystem in September 2021. In 2022, the platform added support for NFTs on Ethereum and Polygon, and later expanded it to most EVM-compatible blockchains.
Later, Ordinals-based NFTs appeared on Magic Eden, followed by all BRC-20 standard tokens. All of these assets are available through a single interface — a unified platform with a multichain architecture.
In January 2024, the project team introduced its own cross-chain wallet. The solution was designed to simplify interaction and the multichain experience for users.
According to Blockspace, the Magic Eden team will announce the decision to pause support on February 27, 2026. It is expected that operations on these networks will be suspended by the end of the first week of March.
By mid-month, the outlet said, the wallet will be switched to “withdrawals only” mode, and then fully shut down by April. At the same time, the platform will continue operating in the Solana ecosystem.
The decision is driven by a rethink of the project and a shift in its strategic direction. In November 2025, the marketplace team unveiled a program to buy back ME tokens and NFTs.
In January 2026, project lead Jack Lu highlighted the growing hype around prediction markets and noted that Magic Eden is looking to ride this trend. It appears the team will focus its efforts on the Dicey platform, which is expected to launch in Q1 2026.
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