Leading Solana NFT Marketplace, Magic Eden Raises $130M After Reaching $1.6B Valuation

Jun 21, 2022

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Leading Solana NFT Marketplace, Magic Eden Raises $130M After Reaching $1.6B Valuation

Originally posted here.
By: Adewumi Victor

Overview

The leading NFT marketplace on the Solana network, Magic Eden, has raised a total of $130 million in a Series B funding round. This funding round was co-led by Electric Capital and Greylock. The seeding round, announced on Tuesday, values the platform at $1.6 billion, making it level with Series B of OpenSea, the top Ethereum NFT marketplace. OpenSea is already valued at $13 billion after its Series C round, which was announced earlier this year.

The leading Solana NFT marketplace disclosed that it plans to use the funds raised to expand its primary and secondary …

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