NFT Marketplace Magic Eden collects $ 130 million for the support of creators and collectors
NFT Marketplace Magic Eden collects $ 130 million for the support of creators and collectors
- The funds are used to expand their primary and secondary marketplace and to explore multi-chain options
- The marketplace receives an average of 22 million unique sessions per month and sees over 40,000 NFTs every day
Magic Eden, the leading NFT marketplace of Solana, announced a series B of Series B of $ 130 million on Tuesday, which increases its rating to $ 1.6 billion.
Electric Capital and Greylock led the round together, and Lightspeed Venture Partners joined as a new anchorage. The former investors Paradigm and Sequoia Capital also participated.
The funds are used to expand the company's primary and secondary marketplaces in order to fully support the NFT manufacturer and collector's tours (not fungible tokens), Magic Eden told Blockworks.
The primary marketplace, the Magic Eden launchpad, is a dedicated service for Solana developers who has started over 250 projects to date.
"We want to be there every step of the long journey of the Creator: Pre-Mint, Launch, Post-Mint. We always know our developers very precisely and intend to develop further tools for the company, marketing and technical support," said Jack LU, CEO of Magic Eden.
As far as the company's secondary marketplace, which makes up 92 % of the Solana market share, is planned to explore opportunities for several chains, invest in the team and to improve the user experience with improved insights, analyzes and trading tools.
In addition, the company intends to double its emerging forays into the NFT gaming Start the Eden Games platform at the beginning of this year. In the conviction that the “future is ultimately cross-chain”, it will also use funds to explore multi-chain options to attract new users and projects.
regardless of market movements, Magic Eden builds on a time horizon of 10 years. "Magic Eden's goal is to define the future of NFTs by supporting the next generation of digital creators and introducing the next billion users in Web3," said Lu.
"We know that NFTS are the entry into the blockchain," added LU, and the most successful collections "Do not arouse the curiosity of people because they are simply a NFT, but because the value that the NFT is tempted to obtain new users-be it token-gated-content, access ... Community-based projects or artistic value."
The total volume of Magic Eden was at 19,901,672 Solana at the time of writing. The most popular NFT collections in the marketplace in relation to the trading volume in the past seven days are Primates, Okay Bears and Yeah Tigers.
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The contribution NFT Marketplace Magic Eden collects $ 130 million for Creator, Collector Support is not a financial advice.