Drama captures the Solana ecosystem as tensions mount. NFT Marketplace magic eden and Solana standard author metaplexAs a result, suspicion erupted when two of Solana’s heavyweights banged their heads together.
What causes tension?
It all started on December 8, 2022, when Metaplex claimed on Twitter that Magic Eden was trying to control the blockchain NFT token standard.
1/ gm metaplex community. Over the past 24 hours, @Magic Eden When @redacted_j Control the multisig of your token metadata and give it to yourself and a small group of close pals for personal gain.
— Metaplex (@metaplex) December 8, 2022
Not just Magic Eden, but Jordan Prince, who developed the original Metaplex protocol.
Metaplex also argued that while the spirit of blockchain is beyond Gatekeeper’s control, Magic Eden is trying to control itself. Additionally, Metaplex has plans to decentralize its token metadata and says it will not bow to Magic Eden’s plans.
After this, Magic Eden responded to the allusions in their own Twitter thread. The Marketplace argued that this claim was false and asked Metaplex to decentralize the token metadata.
2/ Currently, @metaplex We own the NFT standards that the entire ecosystem is built on.
Their plan is to commercially control the standard for token holders. They hold the keys to the God Modes and can plan to change functionality and manage it for the benefit of token holders.
— Magical Eden 🪄 (@MagicEden) December 8, 2022
Also note that we look forward to hearing about Metaplex’s decentralization plans.
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
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