Magic Eden may want users to claim a token called TestME Tuesday using its digital wallet—but the NFT marketplace is encouraging degens to sit this one out.

That’s because the TestME token, as the name implies, is intended to be a trial run and precursor to the Magic Eden Foundation’s governance token. That token, rebranded as ME earlier this year, has yet to be assigned a specific release date.

The Magic Eden Foundation will release the bare-bones token on Tuesday as a way for its associated NFT marketplace to flex its technical muscles. Though the company is encouraging users to claim the token if they can, it’s also cautioning users against speculating on what’s intended to be a one-off showcase.

The token won’t serve as the cross-chain NFT marketplace’s governance token, which was initially teased in January. Rather, the endeavor is being billed as a test run for Magic Eden Wallet, which will be used when the governance token is released later.

The cross-chain NFT marketplace has leaned heavily into its digital wallet offering since its release Go to Source to See Full Article
Author: André Beganski