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Sidney Zhang
Co-founder & CTO at Magic Eden
Sidney Zhang is the Co-Founder and Chief Technology Officer (CTO) of Magic Eden, a leading NFT marketplace built on the Solana blockchain.34 His career in the crypto industry began in 2013 when he started his first crypto company working on Bitcoin Developer API.14 However, this initial venture failed during the 2015 crypto bear market, leaving him broke and living on a friend's sailboat.2
After his first crypto startup, Zhang joined Uber in 2015 as one of the founding engineers of Uber Eats, where he worked from its inception to its significant growth.14 He then spent time at Uber Advanced Technologies Group, focusing on self-driving production modeling and research, particularly in computer vision and prediction.45
Before co-founding Magic Eden, Zhang briefly worked at Facebook (now Meta) in the AI team.14 His educational background includes a Master's degree in Computer Science from Georgia Institute of Technology.5
At Magic Eden, Zhang has been instrumental in the company's rapid growth. The platform reached its first $100 million in trading within 30 days of launch and was the fastest to reach $1 billion in trading volume.1 Magic Eden has since raised significant funding, including a $27 million Series A round.16
Zhang's passion for building in Web3 stems from his belief in digital asset ownership and the fascinating technological challenges in the crypto space.1 His experience spans across crypto, big tech, and now back to the Web3 industry, bringing valuable insights to Magic Eden's development and growth.15
Highlights
Seven years ago, my first crypto start-up failed during the 2015 crypto bear market. I was broke, living on a friend’s sailboat. Yesterday, my second crypto startup, Magic Eden closed its $130 million Series B funding at a valuation of $1.6 billion in partnership with Electric Capital, Greylock, Lightspeed Venture Partners, Sequoia Capital and Paradigm.
https://lnkd.in/gzV_tgmZ
As a bear market veteran, I can tell you that there is no time like now to build.
We started at zero nine months ago, hitting up every possible creator who’d be willing to take a chance on us. Today, we hit 20 million SOL (~$1.8 billion) in total trading volume because we make creators and collectors our MVPs. We listen to community feedback, test new capabilities, and ship feature enhancements at a crazy speed.
The secret? A team of 100 individuals that puts heart over headcount and is community-obsessed. At Magic Eden, we are motivated by our collective vision to transform the future of Web3. The owner of the boat is now a part of the ME team (thanks Nathaniel W. for putting a roof above my head in 2015).
I am truly humbled by what Magic Eden has achieved. And we keep growing – last month we achieved all-time highs for trading volumes, net profit, and user traffic.
We’re just beginning, come build with us. https://lnkd.in/e8iZFMjn
p.s. Thank you Starbucks for letting me charge my batteries for free during my boat days :)
