July 2, 2022

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Ep 132 – Solana NFT Summer with Zhuoxun Yin from Magic Eden

3 min read

In this episode of The Unstoppable Podcast, we’re talking to Zhuoxun Yin, Co-Founder and COO of Magic Eden, the leading NFT marketplace on Solana. Zhuoxun is here to talk about NFTs, Solana, and building marketplaces.

We talk about the importance of fast transactions and how important they are to the user experience when it comes to buying, selling, and creating NFTs. We discuss Solana, and whether the innovation there could eventually outpace that of Ethereum.

Zhuoxun shares what he finds meaningful about building a marketplace, and we talk about the communities that are forming around Magic Eden that go beyond simple transactions. We also talk about how game developers can integrate marketplaces into their games; and how to build communities within Solana.

We discuss the decentralization spectrum and the pros and cons of launching a project as a DAO versus a different approach. Zhuoxun talks about how Magic Eden operates and how decisions are made, and the importance of listening to users. Finally, Zhuoxun shares some words of wisdom for aspiring Web3 builders and entrepreneurs.

#NFTs #Crypto #Bitcoin #Ethereum #Metaverse #Blockchain #Solana #MagicEden #BoredApe #OkayBear #UnstoppableDomains


0:00 Intro
2:29 How did Zhuoxun get interested in crypto?
7:20 Do cheaper transactions precede fast transactions?
10:42 Is innovation in Solana going to outpace innovation happening on Ethereum?
13:54 What is meaningful about building a marketplace?
19:47 How does Zhuoxun think about the community connection within the marketplace?
22:46 Why did Zhuoxun decide to start MagicDAO?
30:03 How does the voting system work in MagicDAO?
34:18 What made the Okay Bears project successful?
37:39 Is it too late for anyone to start using STEPN?
38:51 What lessons can Zhuoxun pass to aspiring Web3 builders?
42:18 What is Zhuoxun’s response to the Solana criticism?
44:48 Who’s an influential web3 creator, entrepreneur, or collector that Zhuoxun admires?
45:35 What is Zhuoxun’s favorite NFT?
46:15 In 5 years, what’s the craziest thing we’ll be doing on the metaverse?
47:12 Where can you find Zhuoxun?

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