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Zedd Yin on Magic Eden's Bitcoin Bet: Runes Platform Hits $56M Volume!
On today’s Talking Tokens episode, Jacquelyn Melinek is joined by Zhuoxun ‘Zedd’ Yin, co-founder of the NFT marketplace Magic Eden. At the time of our podcast recording, Yin shared Magic Eden's Runes platform volume was $12 million, so it has increased 366% in less than a week to $56 million at the time of publication, signaling extremely strong demand for Runes infrastructure through the marketplace. They dive into Magic Eden’s strategy, building out an NFT marketplace in a competitive space, how to manage risk in a volatile NFT market and what he thinks is the next big thing for the sector…
The skinny
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