Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

Magic Eden accounts for over 90% of NFT trading volume on Solana. On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm and Sequoia Capital  valued the firm at $1.6 billion.The newly-infused capital will be used to expand the company's primary and secondary marketplaces, explore multi-chain opportunities, allow new....


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Nifty News: AC Milan launches NFT collection, Magic Eden accepts Solana proje...

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