In this episode, I'm joined by Devan Non, Ape Dev, and Jiran for a fascinating discussion all about NFT MEV. MEV, or Maximum Extractable Value, is the value that can be extracted from block production in excess of block rewards and transaction fees. Two of today's guests, Devan Non and Ape Dev, are a professional MEV searcher team. They observe the mempool to find arbitrage opportunities that they can act upon for profit. In this very special episode of Web3 Galaxy Brain, they reveal their techniques for NFT MEV and explain why they've decided to return to fungible MEV. Blockchain sleuth and etherscan expert Jiran lends his domain expertise to deepen this exploration of the NFT MEV landscape.
It's extremely rare to hear MEV operators discuss their techniques. I was especially grateful for the opportunity to speak with today's guests. I hope you enjoy the show.
Hosted by @nnnnicholas
Produced by @0xmatthewb and @0xbrileigh
00:01:35 What is MEV
00:03:47 MEV scene
00:04:50 MEV risk and strategy
00:07:30 Arbitrage opportunities on marketplaces
00:09:30 Botting hyped drops
00:14:26 Flashmint, the difference between MEV and trading
00:18:20 Types of botting at different stages of an NFT project pipeline
00:21:21 Devan Non saving gas and flashbots
00:27:00 Manipulating the market
00:29:24 Tools for MEV
00:34:10 What is Flashmint
00:40:54 Market making
00:49:25 Devan Non’s favourite NFTs
00:55:05 MEV on other chains
00:55:46 Ape Dev and Devan Non working in Ethereum before MEV
01:00:52 MEV culture
01:10:30 Drifter
