Magic Eden’s Vision: On-Chain Trading, $ME Token, and the Next Airdrop | Zhuoxun Yin, Co-Founder

Zhouxun Yin, the Co-Founder of Magic Eden, joins The Defiant Podcast to discuss the evolution of one of the largest NFT marketplaces. In this episode, he shares the story behind Magic Eden’s founding, their decision to focus on Solana early on, and their multi-chain expansion strategy. Z dives into the challenges of navigating the bear market, enforcing royalties, and launching a token to unite their ecosystem. He also explores the future of NFTs, their integration with AI, and Magic Eden's ambitious shift toward becoming an all-encompassing on-chain trading platform.

Chapters

00:00 - Introduction

00:30 - Founding Magic Eden

03:40 - Surviving FTX and Solana’s Challenges

07:20 - Navigating the NFT Bear Market

12:00 - The Bitcoin Ordinals Bet

16:00 - Multi-Chain Expansion

24:30 - Launching the $ME Token

32:00 - Addressing Airdrop Challenges

46:50 - The Royalty Debate

54:10 - Long-Term Vision for NFTs

01:03:00 - On-Chain Trading and Future Goals

01:10:35 - Closing Thoughts

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