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Full-Time

Business Lead

Solana

Posted on 6/12/2024

Magic Eden

Magic Eden

51-200 employees

Platform for discovering and sharing digital media

Consumer Software
Crypto & Web3

Compensation Overview

$160k - $180kAnnually

+ Equity Options

Senior, Expert

Remote in USA

Primary collaboration hours will be during Pacific Time. Remote-first company. 401k plan available in the US.

Category
Business Development
Business & Strategy
Requirements
  • 7+ years of progressive experience in strategic partnerships, commercial strategy, or product strategy roles in high growth technology startup environments
  • Deep market knowledge in crypto and NFT traders, market trends, and NFT projects
  • Active user of Magic Eden and other analogous platforms or dApps
  • Self-starter with a drive for real business impact and product differentiation
  • Willingness to learn and collaborate with stakeholders
  • Team player mindset
Responsibilities
  • Own business performance metrics including overall volume growth, revenue, and active users for designated chain
  • Develop long-term product & business strategies for Solana on Magic Eden
  • Stay updated on blockchain & NFT ecosystem news & trends
  • Support GTM campaigns and provide ecosystem perspective
  • Broker partnerships between Solana community and internal teams
  • Ensure marketplace product quality and continuous improvement

Magic Eden is an online platform that connects creative communities with collections and creators of digital media. Users can discover, create, and share their own collections while collaborating with other creators. The platform stands out from competitors by offering a unique approach to the discovery and sharing of digital media, making it easier for users to engage with content and each other. Magic Eden generates revenue by charging users a fee for access to its services and taking a commission from creators on the sale of their digital media. The goal of Magic Eden is to provide a convenient space for users to explore and monetize digital media.

Company Stage

Series B

Total Funding

$220.9M

Headquarters

San Francisco, California

Founded

2021

Growth & Insights
Headcount

6 month growth

15%

1 year growth

14%

2 year growth

12%
Simplify Jobs

Simplify's Take

What believers are saying

  • The $1 million creator fund on the Polygon blockchain demonstrates Magic Eden's commitment to fostering innovation and supporting creators.
  • The hiring of Linus Chung as Head of Product brings extensive experience in web3 and NFT marketplaces, likely driving product development and user experience enhancements.
  • Strategic partnerships, like those with QORPO Game Studio and LayerZero, expand Magic Eden's influence and capabilities in the NFT and gaming ecosystems.

What critics are saying

  • The competitive landscape with major players like OpenSea and Audius could limit Magic Eden's market share and growth potential.
  • The nascent state of technologies like Bitcoin ordinals and BRC-20 may lead to slower adoption and user experience challenges.

What makes Magic Eden unique

  • Magic Eden's integration of Solana's compressed NFTs (cNFTs) allows for cost-effective NFT creation, setting it apart from traditional NFT marketplaces.
  • The platform's cross-chain capabilities, including support for Solana, Polygon, and Bitcoin ordinals, offer a unique multi-chain experience for users.
  • Magic Eden's focus on gaming NFTs, such as the SFT marketplace for Genopets, highlights its niche specialization in the gaming sector.

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