Magic Eden, the leading Solana-based NFT marketplace, has raised $130 million at a $1.6 billion valuation.
The marketplace plans to expand beyond Solana to include other platforms, as well.
Magic Eden, an NFT marketplace that currently commands the vast majority of the Solana market, is gearing up for expansion. Today, the startup announced that it has raised $130 million in Series B funding with plans to expand beyond the Solana ecosystem.
The Series B values Magic Eden—which was founded last September—at $1.6 billion. That makes it the latest crypto “unicorn” with a valuation of $1 billion or more. Electric Capital and Greylock co-led the round, with new investor Lightspeed Venture Partners also participating alongside previous investors Paradigm and Sequoia Capital.
Magic Eden is only three months removed from its last fundraise announcement: a $27 million Series A round revealed in March. Jack Lu, CEO and co-founder of Magic Eden, told Decrypt that the startup didn’t plan to...
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