Magic Eden
Turns out that owning the end-user via a crypto wallet is quite a prosperous business
Although Magic Eden will still primarily function as an NFT platform, the app needs to “skate where the puck is going” to onboard new crypto users
Tensor has overtaken Magic Eden as the most popular NFT platform on Solana with a monthly trading volume of roughly $1 million
These capabilities will be available initially between Ethereum and Polygon chains, with more to come
The reason NFTS are different from fungibles, Huang says, is they’re “inherently emotional”
The NFT marketplace is attempting to shore up its team which would comprise “certain types of new skills and expertise”
The total sales volume of five top NFT marketplaces extends on October’s decline, on the back of macroeconomic factors and the FTX debacle
An estimated 10% of Solana’s market capitalization belonged to entities affiliated with Sam Bankman-Fried
Countries around the world are leveraging NFT technology for real-world use cases
A look back at June indicates declining trading volumes but healthy demand, especially among blue-chip collections
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