- Magic Eden, an NFT marketplace, has introduced a new feature called 'Lucky Buy'.
- 'Lucky Buy' enables buyers to bid on specific NFTs at a variable percentage of the listed price, representing their chance of winning.
- If the bid succeeds, Magic Eden covers the price difference, and the seller receives the full listed price.
- Buyers failing to win still receive 'diamond' incentives.
- Initially, 'Lucky Buy' is limited to the Degen Ape Academy NFT series but will expand to other series later.
- Magic Eden charges a 3% fee on each 'Lucky Buy' transaction, with 1% going to the creator, 1% to the seller, and 1% to the platform.
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