Sublime

Status. The token (visible through Opensea and my Twitter profile) signals my involvement in a project that I, and others in my sphere, deem relevant.

Magic Eden filled a major gap in the market: in a crowded field of NFT marketplaces, it was focused exclusively on Solana, with an emphasis on user experience and lowering the barriers to entry for NFT creators.

1. The decline of platform lock-in: The blessing (for the company) and curse (for the customer) of most Web2 businesses is lock-in — your most important data stays on the platform where you created it.