Richard Wu (Tensor) on the Financialization of NFTs (and if we accidentally killed them)
We chat with Richard Wu, Co-Founder of Tensor, to understand how Tensor's 2-man team successfully took on Goliath (Magic Eden) and chipped away at Magic Eden's 95%+ market share last year. We learn about how Tensor's intense focus on power-traders gave them a beachhead market that demonstrated the viability of heavily financialized, terminal-esque trading interfaces for NFTs. We also ask Richard if Blur/Tensor killed NFTs and what he's most excited about for future NFT adoption. It's a very insightful conversation with one of the best builders in all of crypto and Solana. (0:00) - Finding the right co-founder (9:25) - Selecting the correct market to disrupt (12:03) - Building early PMF (14:59) - Has Blur ruined NFTs? (20:17) - Thinking about product design (23:59) - Building web 3 applications (33:17) - Tensorians NFTs (42:39) - Moving beyond Solana? (46:33) - Future of Eth NFT ecosystem (49:38) - Drivers for NFT adoption (55:01) - What’s exciting outside NFTs (58:00) - Next steps for Tensor (1:03:53) - Thoughts on the last year - - Podcast Resources Follow Sal: https://twitter.com/Sal_The_Bull Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Richard : https://twitter.com/0xrwu Follow Ilya : https://twitter.com/_ilmoi Follow Tensor Trade : https://twitter.com/Tensor_hq Tensor Trade Website : https://Tensor.trade