The Magic Eden Foundation introduces the ME token to enhance cross-chain trading, driving NFT platform expansion and DApp integration.
The Magic Eden (ME) Foundation has announced the upcoming launch of the ME token, a new token designed to support Web3 consumer decentralized applications (DApps) via cross-chain digital asset trading.
According to a press release shared with Cointelegraph, the ME Foundation’s mission is to help develop the ME decentralized autonomous organization (DAO) protocols “with community-led governance.”
The token is expected to be central to Magic Eden, a global non-fungible token (NFT) and Runes platform, which plans to be the first to officially adopt ME as its ecosystem token.
