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Apparently @MagicEden will be shutting down their NFT marketplace and pivoting to prediction markets.
We’re already seeing some collections starting to dip. I actually think that could be a huge opportunity. The panic is absolutely warranted, but if you think about it objectively, those collections are not dependent on one marketplace to exist. Another one will just take its place.
Of course the visibility will take a hit, but that might get priced in depending on the level of fear.
I’m looking at this as an obvious opportunity to buy the fear.

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