SNEAK PEEK
- Metaplex is taking over the Solana marketplace.
- Magic Eden and Metaplex are battling over Twitter.
- On taking over the Solana NFT, Magic Eden posted against Metaplex.
Long arguments between prominent participants in the market have broken out on social networks as developers try to change the trajectory of the Solana NFT area.
Top Solana marketplace Magic Eden is reportedly in charge of a coordinated social media effort to seize standard control of the platform, according to a December 2022 report from Metaplex. In this case, they have a non-fungible token that varies from other comparative tokens in terms of its specifications and performance.
Metaplex effectively developed the code and retained the keys to nearly every NFT generated on the network. Metaplex, also known as Jordan Prince, worked at Solana Labs and helped build the original Metaplex protocol as a co-conspirator with Magic Eden in a Twitter thread.
After being told that Metaplex has a monopoly on NFTs on Solana, Metaplex announced today that it would publish a plan for decentralising benchmark control. The company acknowledged the need to decentralise the program but stated that it would not do so by accident to appease an abusive group.
To this end, Magic Eden tweeted that Metaplex had falsely accused them of taking control over the NFT standard at Solana. Following that, they said Metaplex owns the NFT standard on which the entire ecosystem is built. They plan to govern the standard for their token holders.
It’s not the first time Metaplex and Magic Eden have clashed over the advice of the Solana NFT Ecosystem–Still, the conflict is reaching new heights. A source close to Metaplex claims that Magic Eden’s seizing control of users’ listed NFTs might pose a security risk.
A Metaplex attempt to help with the open sourcing of Magic Eden’s proprietary technology had been refused by Magic Eden. This information was provided to Decrypt in August. The core of Magic Eden’s market, which has since undergone significant modification and walling off, was early Metaplex programming.
