Community Contributor Accuses Magic Eden of Altering Rewards and Shutting Down Products Post-Lockup

Ben Gruenbaum, founder of Magic Lab and a former contributor to Magic Eden, has accused the NFT marketplace of changing reward structures and strategic directions after users locked up ME tokens. Gruenbaum highlighted concerns regarding the long-term lockup periods, shifts in reward distribution from ME to USDC, and the closure of specific infrastructure projects. He noted that some top stakers have reported issues with USDC claims and have initiated legal action against the platform.