Magic Eden CEO and co-founder Jack Lu said the company is positioning itself for a coming “speculation supercycle” as finance increasingly blends with entertainment.
“Speculation is mainstream now. And Magic Eden is building for this world,”
Jack Lu said.
Lu pointed to the rapid rise of prediction markets, betting platforms and real-money gaming as signs of shifting user behaviour.
Trading volumes across prediction markets hit a record $814.2 million on Monday, according to Dune Analytics data.
The figure surpassed the previous weekly high of $701.7 million recorded just seven days earlier.
Kalshi continued to dominate volumes across politics, finance, sports and entertainment markets.
Polymarket and Opinion also posted strong trading activity during the surge.
Lu said betting has become one of the fastest-growing industries in the United States.
Magic Eden confirmed it will launch its crypto casino and sportsbook platform Dicey this quarter.
Dicey is designed to reward users for hosting games, placing wagers and interacting socially in a decentralised environment.
Magic Eden said tokenholders will receive a share of revenue generated from new initiatives.
The company said 15% of total revenue will be distributed to Magic Eden token holders.
Revenue will be split evenly between ME token buybacks and staking rewards.
Staking rewards will be paid in stablecoin and distributed monthly starting in March.
The announcement follows a difficult year for NFTs, with market capitalisation falling sharply in 2025.
CoinGecko data shows the NFT market cap dropped from $7.95 billion to $2.5 billion last year.
Organisers of the NFT Paris conference cited market conditions when cancelling the event.
“Despite drastic cost cuts and months of trying to make it work, we couldn't pull it off this year,”
Organisers said.
Lu said Magic Eden still generated around $24 million in revenue over the year.
The NFT market has rebounded in early 2026, with market capitalisation climbing above $3 billion.