Former Coinbase Executive Joins Magic Eden as Head of Product

Magic Eden, the biggest NFT market on the Solana blockchain, introduced the appointment of Linus Chung, a former government at Coinbase, as its Head of Product, based on a PRNewsWire report on July 20, 2023. Chung brings almost 20 years of expertise in know-how and web3 to the function, the place he’ll lead product improvement, improve consumer expertise, drive progress, and develop long-term technique.

Earlier than becoming a member of Magic Eden, Chung served because the Vice President of Product at Origin Protocol and was beforehand the Director of Product at Coinbase. “I strongly imagine in a future the place digital possession, enabled by NFT know-how, will turn out to be ubiquitous. We’re nonetheless within the early innings of NFT improvement,” Chung mentioned within the PRNewsWire report. He expressed his pleasure about becoming a member of Magic Eden and his eagerness to accomplice with the web3 group to speed up NFT adoption by means of innovation and distinctive product experiences.

Chung has a historical past of scaling merchandise and companies, demonstrated throughout his tenure at Coinbase. He held numerous management roles there, together with Director of Product and Head of Progress & Threat. Chung led groups liable for greater than doubling Coinbase’s consumer base to over 50 million and increasing Coinbase to 100+ international locations. He additionally managed the groups that constructed and scaled a few of Coinbase’s fastest-growing merchandise, corresponding to Coinbase Earn, Coinbase Card, and Coinbase Pay. Previous to Coinbase, Chung served in senior positions at Tesla, Pinterest, and LinkedIn.

Jack Lu, CEO and co-founder of Magic Eden, welcomed Chung’s addition to the workforce. “Linus is becoming a member of us at a very particular time when we now have loads of tasks cooking throughout our core consumer expertise, rewards, and cross chain initiatives,” Lu mentioned. He expressed confidence that Chung’s expertise and keenness for NFTs would assist Magic Eden construct one of the best NFT platform on the earth.

Magic Eden has not too long ago achieved important milestones, together with turning into the main Ordinals market and buying and selling $300M since its launch. It has additionally open-sourced its Solana market contract, launched probably the most intuitive aggregator on chain, and achieved as much as 40% in secondary market share for Polygon. Magic Eden goals to construct a user-friendly platform for minting and amassing NFTs, bringing dynamic cultural moments onto the blockchain and empowering customers throughout hundreds of digital communities to create, uncover, and gather distinctive NFTs.

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