Linus Chung
@linuschung
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head of product @magiceden | prev: vp @originprotocol , director of product @coinbase | jpegs and funny internet money
making it, we all are
Joined July 2008
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Today is my last day at
@coinbase
. Nothing but 💙 for this championship team I've had the honor of playing on over the last ~4 years. 🧵
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Every
@Azuki
has a story to tell - here is mine.
In 2021, I fell deep down the rabbit hole of NFTs and haven't looked back. I entered the Garden at mint and have been blown away by the vision and the community -- which ngl is the strongest community I've seen.
The Azuki fam has…
We're excited to announce a partnership with
@Azuki
Going forward, Magic Eden will be the preferred marketplace for Chiru Labs NFT collections & Azuki will advise Magic Eden on the development of our ETH marketplace.
Two gardens ⚔️
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🧵 I’m excited to share that I recently joined
@MagicEden
as Head of Product!
After a month in, here are my impressions of the team:
⚪ Huge believers in NFTs
⚪ Truth seeking
⚪ Experimental
⚪ Here for the long haul
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I'm incredibly excited to announce that I’m joining
@originprotocol
as VP Product. I’m thrilled to partner with
@matthewliu
@joshfraser
and the entire team to take Origin to the next level.
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Today we’re proud to launch Magic Eden Rewards 💎
I wanted to share some of the principles that went into our thinking for Rewards 🧵
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Excited to be a part of NYC's transition to the future. Get paid in crypto through
@coinbase
, coming soon!
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Natively buy and sell Pudgies directly on the official
@pudgypenguins
marketplace. Lower fees, import listings with no gas, marketplace fees go toward supporting the amazing Pudgy team. Check it out at 🐧
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Magic Eden Wallet is now available to everyone!
At ME, we're a group of web3 enthusiasts that believe the place for all of your digital belongings should spark joy, not induce anxiety.
How we got here 🧵
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Investors may control the short-term price, but builders control the long-term value. I'm bullish on builders.
gm
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I spent a few hours going through
@xuannu_eth
's inside look into the making of the
@crypto_coven
smart contract. Thank you for writing this. It's this web3 spirit of building in the open that will lead to better and more inclusive products
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@magiceden
is thrilled to partner w
@yugalabs
to launch the first ETH marketplace w smart contract enforced royalties
Today I proudly rock my monkey jpeg in support of pioneering creators everywhere
Creators that dare to redefine what’s possible in web3 deserve our support
Planting something new for all creators.
We’re partnering with Magic Eden to launch the new Magic Eden ETH marketplace - the first major ETH marketplace contractually obligated to honor creator royalties.
The marketplace will launch end of 2023, more details soon.
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Soon.
What other ETH creators would you want to see partnering with
@MagicEden
?
Curtis and Emmy need frens
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Coinbase Card is one of the products I'm most proud of having worked on in my career, largely because of the grit and hustle from the team to build something truly loved by customers. And it's just super cool how many IRL conversations about crypto it's sparked.
💳 🎉 Starting today, any US customer can sign up for Coinbase Card.
✔️ Earn up to 4% crypto back on every swipe
✔️ No spending fees
✔️ No annual fees, credit check, or sign up requirements
Sign up now at , terms apply.*
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Last week, history was made on the Ethereum blockchain. The first real estate property was sold and settled on an NFT marketplace, powered by
@rsonchain
and
@OriginProtocol
.
How and why? 👇
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I joined Coinbase in 2018, at the beginning of what would become a prolonged multi-year crypto winter. It was clear to me that crypto had the potential to create a better financial system and even a better internet, but that was still a long ways off.
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04.25. Magic Eden will be BASED
🔵
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I submitted an $OGN governance proposal to reduce
@OriginProtocol
marketplace fees to 0% until June 1st, 2023.
Why? Now’s the time to support creators. (1/3)
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We appreciate the response from the community about Magic Eden's Runes platform.
Just a reminder: we called it Beta for a reason.
Job's not finished. More dope things on the way. Team still cookin 🧑🍳
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Coinbase did the hard thing of working with regulators to change perceptions. Despite FUD and cynicism around crypto, we kept our heads down and built trusted, secure, and easy-to-use products. We focused on customer value over crypto prices.
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Over the years, I’ve led risk, growth, int’l expansion, and payments products. We achieved some amazing feats, incl. tripling global customers, expanding Coinbase to 100+ countries, and building products used and loved by millions worldwide like CB Earn, CB Card, and P2P payments
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Would you spend $8 each time you tweet?
Me neither. That's why
@lensprotocol
is on L2s, and why I led multichain support for
@originprotocol
NFT Marketplaces.
Here’s why multichain NFTs are mission critical to onboard the next wave of users & how it’s already happening.
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Excited to launch Collections: branded marketplaces powered by
@OriginProtocol
!
Check out the official marketplace of
@pudgypenguins
at
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Have you noticed the Easter Egg on
@MEonBTC
today? Buy an
@OrdinalMaxiBiz
and you'll hear a sonar sound that spells "OMB" in morse code.
Here is mine.
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💜 proud of the
@MagicEden
team that hustled to get this out to our community. so much more to come soon 💎
We’ve done a complete overhaul of our collections and profile pages. It was important for us to have a glow up before our even bigger drop 💎
We have too many new features to list but here are a few:
Collection page:
✅ Streamlined statistics
✅ Tabs to easily manage all order…
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Launched Magic Eden Wallet to the world.
Made it rain Diamonds for Solana OGs.
That was just this week at
@MagicEden
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To our customers: thank you for going deeper down the crypto rabbithole with us.
To all the Coinbaes I’ve partnered with through this journey: thank you for making this the most fulfilling job of my career. I’ve learned a ton from you.
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So excited to partner with
@StringStory
@spacepixel
and the
@chubbiverse
fam on the launch of their official marketplace !
Chubbi frens are such a warm and fuzzy community! Cute investment thesis might just make you a happier person in these bear times
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How can one be more entrepreneurial?
Whether you're a founder, want to be a founder, or work with founders, you'd benefit from understanding what makes certain people entrepreneurial.
Part of the secret sauce: 𝙚𝙛𝙛𝙚𝙘𝙩𝙪𝙖𝙡 𝙩𝙝𝙞𝙣𝙠𝙞𝙣𝙜.
What the heck is that? 🧵
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Once you're lucky, twice you're good....
Another real-world home sold on chain!
@OriginProtocol
x
@rsonchain
x
@useteller
making magic happen again
On-chain home
#2
🤝 SOLD via the
@Roofstock
@rsonchain
marketplace with Origin Story!
Read all about it in this
@Blockworks_
article by
@_bessieliu
👇
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Momentous day for the
@OriginProtocol
community.
In a few short hours, $OGN and $OUSD holders can claim their $OGV airdrop, the new governance token for Origin Dollar.
Simultaneously, $OGN staking launches. Earn $ETH from Origin's NFT platform by staking $OGN.
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You can look at speculation with judgement and disdain, or you can recognize it's a natural human behavior and often a key catalyst to progress.
If there was no Gold Rush, we wouldn't have California, the world's 8th largest economy. The Gold Rush spurred massive growth in…
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Have to give massive 👏 👏 👏 to
@jasminexu888
@aNFTlegend
@therealmiso2049
and the team for bringing Magic Eden Wallet to life
Excited to launch the
@MagicEden
Wallet publicly to the world today!
The Magic Eden Wallet is an NFT first x-chain wallet experience. It's available as a Browser Extension today with full support for Bitcoin, Solana, Ethereum, and Polygon. Sharing a bit more about the wallet:
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Underrated about web3 is how x-disciplinary it is. Daily crash course in economics, psychology, cryptography, math, game theory, security
Never been more intellectually challenged in my career. If you want to be stretched beyond your limit, web3 may be for you
Also the vibes 🔥
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thanks
@cryptothegame_
for one of the most intense onchain experiences I've had
pink tribe for life 🌸
I'll be watching you ALL from the Jury 👀🍿
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If you're in crypto (whether as an investor or builder), you better be working on your mental health and resilience at the same time. Not doing so is like trying to run a marathon without training.
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gm, Happy Bitcoin Halving Day
I’ll remove one sock at Block 840000
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Absolutely humbled to be on this journey to increase economic freedom in the world. It’s still Day 1. Let’s get to work
@coinbase
. See you on the moon 🚀
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5/ Here for the long haul
The team here has been through thick and thin, with surprisingly low attrition. Although sometimes the going gets tough, everyone is furiously building ahead for a long-term future we can all be excited about. August is gonna be a busy month.
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He was the first to explain a compelling case for Bitcoin to me, and I used his Coinbase referral code to buy my first BTC. I learned quickly that if you stick with him, you can't go wrong. The rest is history. I couldn't be more thrilled to partner with him on this new journey.
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No one ever tells the genie “I wish I wanted less”, even though that would probably solve most of your problems
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4/ Experimental
Born in the bull but raised in the bear, ME is rebellious and boundary-pushing at heart. We're the only NFT platform to expand to 3 new chains in 3 months. We're not dogmatic about anything other than giving our users the best experiences.
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🫡 💎
Magic Eden is Ready for its Moment 🪄
The OpenSea competitor is getting new attention at the perfect time
A THREAD 🧵👇
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Proud to be an investor in Pudgy Penguins. They're building a truly lasting global brand and unparalleled community.
Backing this legendary team is a no-brainer. Never fade the Penguins 🐧
We are happy to announce our $9M seed round, led by 1kx.
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Your net worth != your self worth. Take care of yourself, and remember everything you have to be grateful for
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@flipdrago
@OriginProtocol
@pudgypenguins
thanks for the feedback! we don't have auctions yet. we're actively working on some cool things, we'll add this to our list 🫡
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2/ Huge believers in NFTs
We're in a tough NFT market but the ME crew are ~100 builders & dreamers who believe in the power of digital ownership.
Over 20+ teammates support creator success across chains every day, and ~15 teammates are founders of NFT projects outside of work.
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Be grateful every day if you get the chance to do what you love. The rest will take care of itself.
After two potentially career-ending injuries,
@KlayThompson
is now a 4-time NBA champion.
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🌸🌸🌸🌸🌸🌸🌸
I'm on the Pink Tribe for S2 of
@cryptothegame_
Who wants to form an alliance?
🌸🌸🌸🌸🌸🌸🌸
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I don’t always win
but when I do
I’m glad it’s Gus
The “Mind of Gus” raffle results are out via the Collector’s Profile at !
Raffle winners have two weeks to submit their shipping info via the Collector’s Profile by Wednesday, 11/22 at 11:59 PM PT 🧠
Thanks to all who entered!
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Happy Year of the Dragon 🐉
Wishing you a healthy and prosperous year ahead 🧧
新年快乐
恭喜发财
龙马精神
龙年大吉
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Not all stablecoins are created equal. Not all crypto are created equal.
As builders in the space, one of the most important things we can do to build trust is educate ourselves, be open to constructive feedback, and engage in civil debate
Worried about $OUSD after $UST’s crash? You don’t need to be. While UST and OUSD are both stablecoins their design is fundamentally different. Origin Dollar’s innovative model is made to prevent such vulnerabilities!
Read more 👇
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The value of a stock is the present value of expected future cash flows.
The value of a memecoin is the present value of expected future attention.
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plot twist: the chosen one will return, fulfill the prophecy, and become the most beloved character in the franchise
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If you're interested in partnering with a crazy talented and fun team on delightful products in web3, we're hiring! Come say hi 👋
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The world’s best investor Warren Buffet has some alpha
The best investment of all time: yourself
Invest in your skills, network, capability and you‘ll see 1000x returns. This investment is tax-free, compounding, and yours forever.
Critical to invest in a bear market
BTFD
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It sucks to hear about hiring freezes, layoffs or rescinded offers. Bear markets should be a time to build.
@OriginProtocol
is fortunate to have a very healthy treasury and we’re hiring across the board. If you want to work in DeFi or NFTs, check out
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6/ I’m incredibly excited to be on this journey with the team. We’re hiring for many roles at and always looking to partner with creators & ecosystem builders.
I can’t wait to share more of the amazing things we’re cooking up. Stay tuned.
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I see you
@machibigbrother
Blur and Opensea should have a royalties paid leaderboard.
A badge of honor.
A carrot.
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💙 to see so many people getting their first NFT from
@crypto_coven
witches are gonna make it 🌙
IT'S THE SEASON OF THE WITCH.
the public sale is now open.
welcome to the weird wilds.
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@magiceden
's Secret Master Plan
Make digital ownership universal
⛓️ Multi-chain: 3 L1s and counting
✨ Best UX for everyone, from the NFT curious to enthusiasts
🎨 Support creators
👛 Best home for digital belongings with ME Wallet
💎 Reward users
📂 Open source protocols to…
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3/ Truth seeking
The ME team is humble and truth-seeking. We’ve made mistakes and faced criticism so the team tries to remain low ego.
Everyone tries to check their blind spots, question assumptions, and remain open to feedback regardless of tenure.
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If you want other people to care about what you’re working on, don’t forget to be a kindhearted, ethical person first. The world needs that more than ever.
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NFTs aren’t just way to monetize existing IP, but now becoming a new way to introduce new IP universes. In less than an hr,
@0n1Force
will reveal 7777 characters as NFTs. Merch and comic books are on their roadmap, and in success could could expand to movies, shows, games 👀
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Volatility is the price of admission of chasing outsized gains.
Green charts feel good in the moment, but it’s important to mentally prepare for the inevitable turbulence on the way to the moon.
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Enter the Garden of Eden 🫘
We're excited to announce a partnership with
@Azuki
Going forward, Magic Eden will be the preferred marketplace for Chiru Labs NFT collections & Azuki will advise Magic Eden on the development of our ETH marketplace.
Two gardens ⚔️
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bean market >> bear market
see you next time in the Garden. IKZ!
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The future is onchain, on multiple chains, and it turns out, many of us are already living in the future.
If you're like us, you're fumbling around with multiple wallet apps for across many chains. Wallets today are at best functional, at worst confusing and insecure.
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I started journaling a few weeks ago with the intention to give to my son one day. It’s been motivating to write with a purpose to help my son understand me better in the future, and clarifying for me to understand myself better today. Parents: give this thread a read👇
1/ Why You Should Write Letters to Your Kids as They Grow--A thread
I've noticed a lot of FinTwiters having babies. Congratulations! I'd like to recommend you get into a habit early, and start writing letters to them that you can give them at some milestone, like turning 21.
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Fun fact: I've known Origin co-founder
@matthewliu
for half my life and consider him one of my closest friends and personal advisors. We've known each other since we were mere young apes trying to make it in the world.
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I had a fun time talking to
@wiiichang
and crew on the WLD Show. The show is doing an amazing job documenting the stories of web3 builders and bringing their listeners deeper down the web3 rabbithole
Just released a new episode w/ our friend
@linuschung
, VP Product at
@originprotocol
!
In this episode, Linus shares with us:
- What it was like leading Growth at
@coinbase
- Psychology of building in a bear market
- Future of NFT infrastructure
Listen:
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𝗚𝗿𝗼𝘄 𝘁𝗵𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆
We know we’re not alone in holding the belief that digital ownership will be massive one day. By working with the ecosystem, we want to accelerate reaching the billions of internet users that haven’t yet felt the magic of NFTs.
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Great post by
@veradittakit
on
@OriginProtocol
's NFT platform, Story.
@PanteraCapital
has been a phenomenal investor and supporter of Origin since the beginning.
@OriginProtocol
's NFT arm, Story, partners with top NFT creators, brands, and collections to provide user-friendly NFT products
@PanteraCapital
🧵
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Excited to talk about product building in web3 with the legendary
@LucaNetz
. Hope to see some fellow pengus and builders there 🫡
We have another incredible session!!!
🔥 Title: “Product Do’s & Don’ts" 🔥
👉 Have you spent ages building your product, and now it’s ready to launch?
👉Can we apply Web2 tactics to Web 3 product launches? What are the best tactics and strategies for a successful launch?…
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