Magic Eden operates a primary marketplace called Launchpad and a large secondary marketplace for NFT trading. Launchpad hosts over 250 projects, while the secondary marketplace lists more than 7,000 collections and accounted for 92% of Solana-based NFT volume per the article. The platform averages about 20 million unique sessions per month and mints over 50,000 Solana-based NFTs daily; as of June 1 it captured roughly 97% of daily Solana NFT transaction share. Launched just nine months prior, the company has grown rapidly across primary and secondary markets. Magic Eden plans to use new funding to expand its marketplaces, pursue multichain opportunities beyond Solana, and improve its products. Executives emphasized a user-first, community-driven approach and positioned NFTs as a bridge for mainstream users into crypto. Magic Eden is a non-fungible token (NFT) marketplace based in Mountain View, CA. The company has closed $27 million in Series A funding. Paradigm led the round, joined by Sequoia Partners, Greylock, Solana Ventures and others. The financing was reported by Yahoo Finance and published by Massinvestor, Inc. The article did not disclose operating metrics, valuation, or stated use of proceeds.

Total raised

$157M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2022