Magic Eden to allocate 15% of platform revenue to $ME token buybacks and USDC staking rewards from February 2026

Magic Eden will begin directing 15% of all platform revenue to a combined $ME token buyback and USDC staking rewards program starting February 1, 2026. Half of the allocation will fund $ME buybacks and the other half will be distributed as USDC yield to $ME stakers, with monthly claims beginning in March for February activity. This initiative builds on Magic Eden's late-2025 marketplace-focused buyback scheme and reflects its broader shift from a pure NFT marketplace to a multi-asset crypto entertainment platform.