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However, Shaun Maguire, a partner at Sequoia Capital, says is less efficient due to its reliance on the Ethereum blockchain.

  • The wider market reached in 2021, with the vast majority of that coming from Ethereum.

  • It also tried to put some distance itself and OpenSea by establishing MagicDAO, a DAO to accelerate platform evolution, reward supporters, and ultimately grow the project.




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