Solana’s NFT marketplace, Magic Eden, has raised $130 million from the funding round to reach a valuation of $1.6 billion.
Making a statement after the series B financing round organized in partnership with Electric Capital and Greylock, Magic Eden said that it plans to use the funds obtained to expand its markets and explore multi-chain opportunities.
Magic Eden CEO Jack Lu used the following statements on the subject:
“We know that NFTs are the best way to bring people to the blockchain.
NFTs are exciting socio-cultural experiences that connect the world. We are in a period of tremendous growth for both our company and the industry, so we made a conscious decision to support creators and users.”
Magic Eden holds 90% of Solana NFT volume.
Magic Eden raised $27 million in its Series A funding round last March, with contributions from Paradigm, Sequoia and Solana Ventures.
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