# Magic Eden (ME) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/me.html

## Definition
Magic Eden is a multichain NFT and digital-asset marketplace (originated on Solana, expanded to Bitcoin, Ethereum, Polygon, and Base) that launched ME as its official ecosystem token in December 2024 via the ME Foundation. No project whitepaper exists; token details come from foundation announcements and exchange MiCA filings.

## What the holder owns (FORA-01 Q1)
Holder owns ME, the ecosystem token of the Magic Eden NFT marketplace, overseen by the ME Foundation. The project's MiCA-format whitepaper documents governance through the ME DAO via a vote-escrow (vME) model, with staking for rewards and incentives for cross-chain trading activity. Independent press corroborates the launch and the staking/quests utility.

## Verification verdict
Class C (Class C) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 UNVERIFIED · q3 UNVERIFIED · q4 UNVERIFIED · q5 UNVERIFIED

## Plain-language utility
Rewards token for the Magic Eden NFT marketplace.

## Key risks & notes
Status: no_whitepaper_found — the project never published a whitepaper; summary grounded in ME Foundation announcements, press coverage, and Kraken's MiCA filing. ME has traded ~95% below its launch price amid a prolonged NFT market downturn, so token value is tightly coupled to marketplace revenue and sentiment.

## Primary source
- (no whitepaper found — drawn from official project documentation)

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.