Former Coinbase Executive Joins Magic Eden as Head of Product

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

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

Chung has a history of scaling products and businesses, demonstrated during his tenure at Coinbase. He held various leadership roles there, including Director of Product and Head of Growth & Risk. Chung led teams responsible for more than doubling Coinbase's user base to over 50 million and expanding Coinbase to 100+ countries. He also managed 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 served in senior positions at Tesla, Pinterest, and LinkedIn.

Jack Lu, CEO and co-founder of Magic Eden, welcomed Chung's addition to the team. "Linus is joining us at a really special time when we have a lot of projects cooking across our core user experience, rewards, and cross chain initiatives," Lu said. He expressed 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 Ordinals marketplace and trading $300M since its launch. It has also open-sourced its Solana marketplace contract, released the most intuitive aggregator on chain, and achieved up to 40% in secondary market share for Polygon. Magic Eden aims to build a user-friendly platform for minting and collecting NFTs, bringing dynamic cultural moments onto the blockchain and empowering users across thousands of digital communities to create, discover, and collect unique NFTs.