Magic Eden, the largest NFT marketplace on the Solana blockchain, announced the designationAppointment of former Coinbase executive Linus Chung as head of product, according to a PRNewsWire report on July 20, 2023. Chung brings nearly two decades of technology and web3 experience to the role, where he will lead product development, enhance user experience, drive growth and develop long-term strategy.

Prior to joining Magic Eden, Chung served as Vice President of Product at Origin Protocol and was previously Director of Product at Coinbase. “I strongly believe in a future where digital ownership, enabled by NFT technology, will be ubiquitous. We are still in the early stages of NFT development,” Chung said in the PRNewsWire report. He expressed his excitement about joining Magic Eden and his excitement about partnering with the web3 community to accelerate NFT adoption through innovation and exceptional product experiences.

Chung has a track record of scaling products and businesses, demonstrated during his tenure at Coinbase. He held various leadership positions there, including Chief Product Officer and Chief Risk and Growth Officer. Chung led teams responsible for more than doubling Coinbase’s user base to over 50 million and expanding Coinbase to over 100 countries. He also led the teams that built and scaled some of Coinbase’s fastest growing products, such as Coinbase Earn, Coinbase Card, and Coinbase Pay. Prior to Coinbase, Chung held senior positions at Tesla, Pinterest, and LinkedIn.

Jack Lu, CEO and Co-Founder of Magic Eden, welcomed Chung’s addition to the team. “Linus joins us at a really special time where we have a lot of projects cooking up in our core user experience, rewards, and cross-chain initiatives,” Lu said. He expressed his confidence that Chung’s experience and passion for NFTs would help Magic Eden build the best NFT platform in the world.

Magic Eden has recently achieved significant milestones, including becoming the leading market for Ordinals and trading $300 million since launch. It also opened its Solana marketplace deal, launched the most intuitive on-chain aggregator, and achieved up to 40% secondary market share for Polygon. Magic Eden aims to build an easy-to-use platform for NFT mining and collecting, bringing dynamic cultural moments to the blockchain and empowering users in thousands of digital communities to create, discover and collect unique NFTs.

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