Blockchain technology in general, and NFT marketplaces like Magic Eden in particular, promise democratization, removing middlemen and empowering creators to go directly to consumers. We've heard it all before. The reality is often more complex. Magic Eden's Season 2 ME token rewards program is a prime example, and it's time...
The crypto world loves a good shortcut. Magic Eden's acquisition of Slingshot, promising seamless cross-chain trading with a single USDC balance, sounds like a dream: ditching the multi-wallet madness and gas-guzzling bridge tolls. Before we anoint Magic Eden as the new hero of crypto convenience, let’s pump the brakes. Are...
OpenSea is expanding its trading capabilities even further, allowing selected OS2 closed beta users to trade Solana tokens. This expansion brings some of the most popular meme coins, Fartcoin (FARTCOIN) and Dogwifhat (WIF), to the platform. OpenSea is opting to expand in the Solana ecosystem to go broader and deeper...
The NFT space, if we’re being honest, has grown a bit stagnant over the past few months. We've seen the headlines: X2Y2 closing its doors, NFT volumes down even during a bull run. It’s reminiscent of those early days of the internet when clunky interfaces and confusing processes were barriers...
Okay, Magic Eden bought Slingshot. Big deal, right? Another day, another acquisition in the unregulated speculative land grab that is crypto. Everybody’s yelling about multi-chain utopia, easier cross-chain trading, disintermediating the evil, nasty CEXs (centralized exchanges). Hold your horses for a second. Are we certain this is an advance, or...