Liu in May 2022: FTX founder Sam Bankman-Fried is an absolute monster
Jack Liu · They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A · May 30, 2022 · at 22:57
Jack Liu, co-founder of Solana NFT marketplace Magic Eden and former FTX employee, discusses business leaders he closely studies in May 2022.
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“Well, I used to work at FTX. I think the founder there, Sam Bakeman Freed is a, is an absolute monster.”
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More from Jack Liu
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.”
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.”
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.”
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.”