Now @MagicEden is the #1 marketplace for all NFTs (by users & volume) AND #1 on SOL. I'm proud to be part of the most battle-tested team in NFTs. SOL was our 1st chain. We learned a lot to find our way. The challenges were intense but rewarding. In 2.5 years we've overcome: ▫️ Starting at 0 in '21 and becoming the top marketplace in 2 months by shipping nonstop, listing collections ASAP, offering a no-code Launchpad when devs were taking 40% of mint, and shining in community marketing ▫️ Enduring a lot of Launchpad drama, including when we shut it down for 2 weeks to improve our quality standards ▫️ Watching in horror as Yawww removed royalties. To fight back, we created a tool for creators to block trades without royalties. Nobody wanted it. Eventually, we went to optional royalties too because we had no choice. This led to 1+ year of brand damage and a lot of angry people with pitchforks ▫️ Because we were impatient about protecting royalties, we created OCP, an NFT standard with enforced royalties, to push for solutions with creators. This was before pNFTs came out. Eventually, the whole ecosystem adopted pNFTs (thank god) ▫️ Going cross chain several times (sometimes failing). Most Solana maxis did not understand or support our decisions at the time. I don't blame them, but I hope in retrospect people can understand now why cross chain was the right strategy ▫️ Getting through a deep bear where we had no idea where growth was going to come. We launched Lucky Buy, raffles, Pokemon cards, in-game marketplaces, and many other expansionary experiments ▫️ Winning Launchpad projects when we were at our lowest just because we were hungry and got to projects early. We also won back relationships with creators dramatically through systematic account management program and good ol' TLC ▫️ Redirecting focus back to core trading, including major improvements to stability and speed across the marketplace, launching instant rarity, and escrow for offers (to use the same SOL across offers) ▫️ Spending Thanksgiving listing SPL20s to keep up with market demand, figuring out how to index virtual collections like sub10K, sub 5K collections ▫️ Launching THE BEST IN CLASS REWARDS PROGRAM on Solana 💎 We're gonna keep building the best product for you. Thank you for believing in us. MAGIC EDEN IS THE ULTIMATE UNDERDOG STORY AND WE'RE NOT GOING ANYWHERE.
@hausoftiffany @MagicEden Come a long way, great job Tiff and team! 🫡
I think the key takeaway for me here is simple: Your teams ability to iterate, fail then rise again, while having a SOLID NET BELOW THE TRAPEZE has been what made me become a fan of the ME story . The same kind of support structure that every well established company has. Keep at it!
@hausoftiffany @MagicEden I am glad you guys run it back. Please take into account the OGs supporter from those early 22 and the magic ticket holders. The discord for magic ticket holders are ghost town and deserve some attentions from the team.
@hausoftiffany @MagicEden I do love you guys dearly, I will never forget degen town. BUT regardless you guys have shipped collectively as a company and individually so well that not one person in this space can ever deny Pioneers with love
@hausoftiffany @MagicEden proud of you!!! not an easy feat 🍻 congrats