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Magic Eden General Counsel Joe Doll said that cryptocurrency czar David Sacks only has 2 years to push pro-crypto policies before the 2026 US midterm elections. The majority in the House of Representatives is very thin and is likely to be reversed.

_Magic Eden Coin: Transforming the Real Estate Industry_ Magic Eden Coin's blockchain-based technology is poised to revolutionize the real estate industry. Here are some potential implications: _Direct Impact_ 1. *Decentralized Property Ownership*: Secure, transparent, and decentralized property ownership through blockchain technology. 2. *Smart Contracts*: Automated property transactions, reducing intermediaries and increasing efficiency. 3. *Tokenized Assets*: Representing property rights as digital tokens, facilitating fractional ownership and investment. _Indirect Impact_ 1. *Increased Transparency*: Tamper-proof records, reducing disputes and corruption. 2. *Improved Accessibility*: Global investment opportunities, bridging geographical gaps. 3. *Enhanced Security*: Cryptographic security measures protecting property rights and ownership. 4. *New Business Models*: Emerging opportunities for decentralized real estate platforms, marketplaces, and crowdfunding. 5. *Regulatory Evolution*: Prompting regulatory updates, adapting to emerging technologies. _Challenges and Limitations_ 1. *Adoption and Awareness*: Educating stakeholders about blockchain and cryptocurrency technology. 2. *Scalability and Interoperability*: Ensuring seamless integration with existing real estate infrastructure. 3. *Regulatory Uncertainty*: Clarifying regulatory frameworks for decentralized real estate transactions. 4. *Volatility*: Managing cryptocurrency price fluctuations affecting property value. _Potential [12/11, 7:32 PM] Meta AI: Here's a rewritten version with improved formatting and readability: _Magic Eden Coin: Transforming the Real Estate Industry_ Magic Eden Coin's blockchain-based technology is poised to revolutionize the real estate industry. Here are some potential implications: _Direct Impact_ 1. *Decentralized Property Ownership*: Secure, transparent, and decentralized property ownership through blockchain technology. 2. *Smart Contracts*: Automated property transactions, reducing intermediaries and increasing efficiency. 3. *Tokenized Assets*: Representing property rights as digital tokens, facilitating fractional ownership and investment. _Indirect Impact_ 1. *Increased Transparency*: Tamper-proof records, reducing disputes and corruption. 2. *Improved Accessibility*: Global investment opportunities, bridging geographical gaps. 3. *Enhanced Security*: Cryptographic security measures protecting property rights and ownership. 4. *New Business Models*: Emerging opportunities for decentralized real estate platforms, marketplaces, and crowdfunding. 5. *Regulatory Evolution*: Prompting regulatory updates, adapting to emerging technologies. _Challenges and Limitations_ 1. *Adoption and Awareness*: Educating stakeholders about blockchain and cryptocurrency technology. 2. *Scalability and Interoperability*: Ensuring seamless integration with existing real estate infrastructure. 3. *Regulatory Uncertainty*: Clarifying regulatory frameworks for decentralized real estate transactions. 4. *Volatility*: Managing cryptocurrency price fluctuations affecting property value. _Potential Applications_ 1. *Real Estate Investment Trusts (REITs)*: Decentralized REITs, increasing accessibility. 2. *Property Crowdfunding*: Blockchain-based platforms facilitating investment and project financing. 3. *Virtual Property Ownership*: Exploring virtual reality-based property experiences. 4. *Smart Cities*: Integrating Magic Eden Coin

NFT trading platform Magic Eden has added Berachain and ApeChain as its eighth and ninth supported blockchains. When the Monad testnet goes live, support for this EVM-compatible L1 network will be available before the end of the year.

Investor story: Why we were wrong to be bullish on Blur? Loss experience in the NFT market An investor shared his story of losing money on Blur, mainly because he misjudged the trend of the NFT market and did not expect the Blur team to turn to the new project Blast. The roundtable also discussed Magic Eden's upcoming coin issuance plan, as well as Pudgy Penguin and Mad Labs. Read more

According to Foresight News, the Magic Eden Foundation has announced that its token, ME, will adopt the Solana network's SPL token standard. This move aims to attract cross-chain users to the Solana ecosystem.