{"id":12896,"date":"2022-06-22T04:06:54","date_gmt":"2022-06-22T04:06:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-nft-platform-magic-eden-secures-130m-in-series-b-round-at-1-6b-valuation\/"},"modified":"2022-06-22T04:06:54","modified_gmt":"2022-06-22T04:06:54","slug":"solana-nft-platform-magic-eden-secures-130m-in-series-b-round-at-1-6b-valuation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-nft-platform-magic-eden-secures-130m-in-series-b-round-at-1-6b-valuation\/","title":{"rendered":"Solana NFT Platform Magic Eden Secures $130M in Series B Round at $1.6B Valuation"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Bringing its valuation to a staggering $1.6 billion, leading non-fungible token (NFT) marketplace Magic Eden raised $130 million in a Series B funding round.<\/p>\n<p>Proceeds of the round, co-led by Electric Capital and Greylock, will be used by the platform to expand its primary and secondary marketplaces, as well as explore \u201cmultichain opportunities,\u201d according to a press release.<\/p>\n<p>Jack Lu, CEO of Magic Eden, said:<\/p>\n<blockquote>\n<p>\u201cWe know that NFTs are the best way to bring people onto the blockchain.<\/p>\n<p>NFTs are exciting, social and cultural experiences that bring connectivity to the world. We\u2019ve made the conscious decision to support both our creators and users through this tremendous era of growth for both the company and the industry.\u201d<\/p>\n<\/blockquote>\n<p>Turning to his Twitter audience, Lu <a href=\"https:\/\/twitter.com\/0xLeoInRio\/status\/1539247179914682369\">added<\/a> that this is only the start of an exciting future for his company:<\/p>\n<blockquote>\n<p>\u201cEven though we raised our Series B today, this is still Day 1 for Magic Eden\u201d<\/p>\n<\/blockquote>\n<p>Magic Eden is the top dog of the Solana NFT community, good for more than 90% of the ecosystem\u2019s volume and displaying continued growth. Considering its daily transactions and volume, platform is closing in on rival NFT market <a href=\"https:\/\/igaming.org\/crypto\/solana-nfts-coming-to-opensea-this-april\/\">OpenSea<\/a>.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/igaming.org\/crypto\/solana-nft-platform-magic-eden-secures-130m-in-series-b-round-at-1-6b-valuation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Bringing its valuation to a staggering $1.6 billion, leading non-fungible token (NFT) marketplace Magic Eden raised $130 million in a Series B funding round. Proceeds of the round, co-led by Electric Capital and Greylock, will be used by the platform to expand its primary and secondary [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12896"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12896"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12897"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}