Magic Eden, the leading Solana NFT marketplace, raises $130 million after reaching $1.6 billion value
Magic Eden, the leading NFT marketplace on the Solana Network, has raised a total of $130 million in a Series B funding round. This funding round was led by Electric Capital and Greylock. The seeding round announced on Tuesday has valued the platform at $1.6 billion, which puts it level with Series B of OpenC, the top Ethereum NFT marketplace. OpenC is already valued at $13 billion after the Series C round, which was announced earlier this year.
Leading Solana NFT marketplace revealed that it plans to use the funds raised to expand its primary and secondary…
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