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Magic Eden

18 statements across 1 episodes · 9 bullish · 0 bearish · 1 people on the record · first statement May 30, 2022 by Jack Liu · said 20 times in 1 episodes since 2022 · across every show →

Mentions by year

brought up most by Nathan Latka (12), Jack Liu (8)

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2022 20 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Magic Eden, oldest first

May 30, 2022 positive
Disclosure
Solana Foundation invested in Magic Eden's Series A round
“Solana Foundation, we've been in contact with from day one effectively. You know, very, ah, you know, very privileged for them to have been out as an investor in our Series A as well.”
Jack Liu May 30, 2022 ▶ 8:28 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022
Disclosure
Liu: Magic Eden split equity equally among its four founders
“No, it's a, it's an equity thing. Pretty vanilla, but yeah, like equal split, you know, I think.”
Jack Liu May 30, 2022 ▶ 4:37 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 positive
Assertion Supported
Liu: Magic Eden averages around 30,000 unique daily active traders
“In general, we see around 30,000 unique traders every day.”
Jack Liu May 30, 2022 ▶ 19:30 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 bullish
Assertion Not publicly verifiable
Liu: Magic Eden generated $8M in revenue in April 2022
“Made eight million dollars. Yeah.”
Jack Liu May 30, 2022 ▶ 10:00 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 bullish
Disclosure
Liu: Magic Eden plans to invest deeply in Web3 game developers
“The category that we're super bullish on going forward and we want to invest deeply in this gaming, right? In-game assets, in-game purchases, that's been a tried and tested business model for a decade for the gaming industry and users that are very tech savvy …”
Jack Liu May 30, 2022 ▶ 14:25 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022
Insight
Liu: NFT marketplaces combine exchange economics with consumer marketplace software
“And if you step back and think about it, an NFT marketplace, the business model is really like a crypto exchange, right? But the features, the software that you build looks really like a consumer marketplace.”
Jack Liu May 30, 2022 ▶ 4:11 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022
Disclosure
Liu: Magic Eden Generates 70% to 80% of Revenue From Secondaries
“Launchpad is a little more spiky. I would say it's around 20, 80, so, or 30, 70. So 20% launchpad, 80% secondaries, or sometimes it goes up to 30, 70.”
Jack Liu May 30, 2022 ▶ 6:55 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 bullish
Assertion Supported
Liu: Magic Eden became world's second-largest NFT marketplace in seven months
“We started magic Eden seven months ago in that time we've become the second largest NFT marketplace in the world.”
Jack Liu May 30, 2022 ▶ 1:27 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022
Assertion Supported
Liu: Magic Eden Hosts Almost 10,000 NFT Collections
“We've got like almost 10,000 collections.”
Jack Liu May 30, 2022 ▶ 5:13 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022
Assertion Not checkable as stated
Liu: Magic Eden Built and Launched Website in 14 Days
“We launched a site in 14 days actually.”
Jack Liu May 30, 2022 ▶ 2:12 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022
Disclosure
Liu: Magic Eden will philosophically never merge with another company
“I think philosophically we'll never merge.”
Jack Liu May 30, 2022 ▶ 20:54 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 bullish
Prediction Didn’t hold up
Liu: Magic Eden on track for $400M–$500M NFT volume this month
“So this month we're about to trade around four, five, four to five hundred million dollars of NFTs. On a marketplace.”
Jack Liu May 30, 2022 ▶ 1:35 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 positive
Insight
Liu: Profile picture NFTs act as digital status symbols like Rolexes
“And in a way it's your internet version of, I don't know, like a Rolex or something or like a Nike bag. It's your personal branding on the internet.”
Jack Liu May 30, 2022 ▶ 16:08 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022
Assertion Not checkable as stated
Liu: One-third of Magic Eden's business team are former NFT creators
“So on the business side, we're proud to say around a third of our team former NFT artists or former NFT collection creators”
Jack Liu May 30, 2022 ▶ 22:12 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 neutral
Disclosure
Magic Eden charges a 2% marketplace take rate on GMV
“Right now we click two percent of the transaction volume.”
Jack Liu May 30, 2022 ▶ 9:36 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 bullish
Assertion Supported
Liu: Magic Eden commands 90% to 95% of Solana NFT volume
“We've been consistently around 90 to 95% market share of the Solana blockchain of all NFTs traded on Solana for the past two, three months or so.”
Jack Liu May 30, 2022 ▶ 7:46 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 bullish
Assertion Partly supported
Liu: Magic Eden Reached $1B Cumulative GMV in 4–5 Months
“And we're the fastest marketplace to reach cumulatively a billion dollars in GMB traded. So we did that in around four or five months.”
Jack Liu May 30, 2022 ▶ 1:44 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
May 30, 2022 neutral
Disclosure
Magic Eden raised a $2.5M seed round in October 2021
“October last year, two and a half mil seed round.”
Jack Liu May 30, 2022 ▶ 11:50 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
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