CRYPTO 101

Ep. 637 Meme Coins, NFTs and EVERYTHING Crypto with Magic Eden

Jan 20, 2025
Zedd, co-founder of Magic Eden, a leading multi-chain NFT marketplace, shares his journey from skepticism to innovation in the crypto space. He discusses the evolving landscape of NFTs and the significance of cross-chain swaps. Zedd emphasizes the balance between high-value and high-volume NFTs for market health, and the future utility of NFTs beyond collectibles. He also offers trading insights and stresses the importance of community engagement, all while highlighting the fresh launch of the Magic Eden token.
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ANECDOTE

Zedd's Crypto Journey

  • Zedd entered crypto seriously in 2017 after initially sidelining it despite early interest in 2015.
  • He gained diverse experience at DYDX and Coinbase before co-founding Magic Eden focused on NFTs and trading.
INSIGHT

Magic Eden's One-Stop Vision

  • Magic Eden evolved from a Solana NFT marketplace to a multi-chain, multi-category platform with token trading and wallets.
  • They envision being a one-stop shop for trading anything on-chain across multiple blockchains.
ADVICE

Key Metrics for Trading

  • Traders should focus on relevant data like liquidity, volume, price, and social sentiment for on-chain assets.
  • Highlighting trading signals on a homepage can guide users toward trending, liquid, and high-attention assets.
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