Today we are joined by the team from Magic Eden to discuss the state of NFTs. We cover what went wrong with the 10K PFP collections, royalty fees and creator monetization, horizontal vs vertical marketplaces, Magic Eden's multichain strategy, the advantages of different L1s and more! 

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Timestamps:

(00:00) Introduction

(00:47) Is the 10K PFP Collection Dead?

(05:26) Why Should People Care About NFTs?

(08:52) Royalty Fees and Creator Monetization

(20:47) Permissionless Plug

(21:47) Compressed NFTs on Solana

(28:49) Horizontal vs Vertical Marketplaces

(33:52) Magic Eden’s Multichain Strategy

(01:00:32) Yoot’s Migration to Polygon

(01:07:40) Rapid Fire

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Resources

Magic Eden

https://magiceden.io/

https://twitter.com/MagicEden

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.