Aug 24, 2022
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On this episode of Overpriced JPEGs, Carly has on two of the Co-Founders of Magic Eden, Jack Lu and Zedd Yin. Magic Eden is an NFT marketplace that initially was focused on Solana NFTs, but has recently integrated Ethereum NFTs as well!
The NFT marketplace wars are roaring on, which is a really great thing for users. We like the competition!
What is Magic Eden’s competitive advantage? Why did they choose to integrate Ethereum NFTs? How are they mitigating bridge security risks? What is Jack and Zedd’s gaming thesis? What are the key lessons they’ve learned thus far? Answers to these questions and so much more in the interview!
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2:46 Why Magic Eden Chose Solana
7:00 Expanding to Ethereum & Other Chains
9:12 Cultural Differences Between ETH & SOL
13:05 Adding Ethereum to Magic Eden
15:01 Multi-chain Technicalities
17:53 Bridge Security Worries
19:48 Cross-chain vs. Select-chain World
23:30 SOL & ETH Liquidity Impact
25:35 Gaming & Macro Thesis
27:34 Zedd Defending PFPs
30:40 Magic Eden’s Competitive Advantage
33:37 Sourcing Games on Magic Eden
36:19 Magic Eden’s Biggest Competitors
41:18 Creators Being Underserved
47:51 Who Are VCs Betting On?
50:30 The Magic Eden Team
53:01 Past Experience Learnings & Lessons
56:52 Magic Eden’s Launchpad KYC
1:00:19 Closing Thoughts
1:02:15 Opensea & Magic Eden Twitter Moment
1:05:50 No-Frozen Asset Magic Eden Policy
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