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
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Podcast Resources
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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