Built an Ordinals Marketplace — Magic Eden Won with Brand and Budget
I remember when ordinals first launched on Bitcoin and there was a race to build marketplaces. I was building one for a client and finished at the same time as Magic Eden.
Their team, which rented an Airbnb villa for the push, produced a slightly better product than my work from a dark apartment with energy drinks. A few teams finished earlier, but Magic Eden ultimately ate them with larger budgets and an existing brand.
Analysis
This anecdote highlights that execution quality matters but marketing firepower, funding and brand recognition often determine who captures market share in fast-growing niches like Bitcoin ordinals.
Recommendation
Watch dominant marketplaces and prioritize differentiation or partnerships if you’re a smaller builder; for observers, weigh team resources and brand when assessing competitive chances.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.