Magic Eden
332 Pine St, Suite 800, San Francisco, CA, 94104, United States
Overview
Magic Eden is a community-centric company. They work hard to be responsive, close to the ground, and in service to the best interests of their collections. To prove their commitment to the community, they airdropped Magic Tickets, their own collection, to over 30,000 users. Holding a Magic Ticket gives holders access to their discord-based DAO, MagicDAO, where they deliver interconnectivity via social programs and rewards to the community.
- Total investments
- 4
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Cryptocurrency
- Internet
- Marketplace
- Web3
Investment portfolio
- Build on Bitcoin
Participated · Equity · Jul 2024
Build on Bitcoin (BOB) is creating a technology stack that makes Bitcoin-based DeFi possible, positioning itself as the “Gateway to Bitcoin DeFi.” Its core product is the first hybrid zero-knowledge (ZK) rollup designed for Bitcoin, which the team has already brought to testnet. BOB has also launched a BitVM bridge in collaboration with institutional partners and introduced the first Bitcoin intents system that offers one-click BTC access across major chains. The project plans an imminent token generation event (TGE) and a full transition to community governance, reflecting its goal of decentralized ownership. To date, BOB has secured more than $25 million in funding, comprising $21 million from seed and strategic rounds plus a recently completed community sale. This capital is being used to refine its rollup technology, expand cross-chain connectivity, and onboard users and developers into Bitcoin-based DeFi.
- Nucanon
Participated · Seed · May 2024
Nucanon is developing a co-pilot for Narrative Designers that uses large language models to assist, not replace, human-driven storytelling. The product aims to speed up pain points in narrative design such as background beats, managing lore complexity, branching dialogue, stakeholder management, pitching, and localisation. The founder frames the work around preserving emotional, human-to-human experiences in games while leveraging LLM capabilities. Nucanon recently closed a $500k pre-seed round to advance the product and go-to-market. The founder (Nilu) describes raising capital as challenging as a solo immigrant founder and thanks the Australian startup ecosystem and early advisors for support. No revenue or user metrics were disclosed in the post.
- Aether Games
Participated · Equity · Jul 2023
Aether Games is a transmedia studio building a unified Aether world across games, augmented reality, and CGI content. Its core products include Cards of Ethernity (a multichain game on Polygon and Sui) and the upcoming Gates of Ethernity autobattler, alongside an AR mobile app and AI technology. Cards of Ethernity is the #1 TCG on the Sui blockchain and has over 5,000 players in early access/open beta. The company plans to launch Gates of Ethernity in late 2023 and to expand its transmedia offerings, including a CGI series titled "Aether" for major streaming platforms. Aether Games raised $4.5 million in token and equity funding to support development of the Aether world-building project. The team is led by founder and CEO Jens Peeters and includes developers with credits on Hearthstone, Legends of Runeterra, God of War, and Love, Death & Robots.
- Strider
Participated · Seed · Feb 2023
Strider is building a collaborative storytelling platform that lets creative communities co-create, invest in and develop story-driven worlds and entertainment products. The product includes social features and a fast, accessible toolset for creating a “storyworld,” enabling collaboration on characters, settings, history and lore. Strider aims to give contributors opportunities to retain ownership of their creations, leveraging blockchain technology to allow for deeper ownership as communities build together. The company plans to use the seed financing to expand the team and bring content creators onto the platform with tools for production and distribution. Strider was founded by game industry veterans Andrew N. Green, Michael Brozman, Michael Cala and Nick Braccia, with experience across EA, Rockstar, Jam City, TinyCo and Square Enix. The company has raised $5.5M in the reported seed round, bringing total funding to date to $8.5M.