The Ultimate Magic Eden Deep Dive with Co-Founders, Jack Lu & Zedd Yin | Overpriced JPEGs #50

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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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------ Timestamps:

0:00 Intro 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

------ Resources:

Jack Lu https://twitter.com/0xLeoInRio 

Zedd Yin https://twitter.com/zhuoxunyin 

Magic Eden https://magiceden.io/ 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures