Magic Eden, a Solana-based NFT marketplace, has raised $27 million in Series A funding.
Magic Eden, a non-fungible token (NFT) marketplace, has raised $27 million in a Series A fundraising round to expand its product and service offering.
Paradigm led the financing, which also included Sequoia and Solana Ventures, according to the Solana-based firm’s announcement on Monday. NFTs are blockchain-based digital assets that reflect ownership of virtual or physical goods.
The company claims to be the largest NFT marketplace on the Solana blockchain, with over 7.5 million SOL in transaction volume in the previous six months. It also has a market share of over 90% of the secondary-trading volume for NFT games.
Magic Eden plans to use the funds to expand its gaming division and introduce an NFT mobile application that allows users to browse, mint, and trade NFTs while on the go.
The Solana ecosystem has benefited greatly from developers and traders looking for an alternative to Ethereum’s exorbitant transaction costs. JPMorgan Research said in January that Ethereum’s NFT market share has plummeted to 80% from 95% a year earlier.
We are the biggest NFT marketing agency with the reach over 30 million people.
This article is just for educational purposes.
Make your own exploration before making any form of investment, as always.
Possessors, holders, suckers, members of the community, jumbos. Want to give your composition a boost by putting it at the top of the homepage? == > Get in touch with us!
Magic Eden, a Solana-based NFT marketplace, has raised $27 million in Series A funding. – NFT Boosts
TMB Series Chip Type Higher Capacitance
Tv Stand Furniture
Nest Compatible Smart Flood Light
18v Power Tool Battery Adapter
Diode Pumped CW
4 Core Optical Cable
Stainless Steel Lever And Deadbolt Combo Door Lock
I was just seeking this information for a while. After 6 hours of continuous Googleing, finally I got it in your website. I wonder what’s the lack of Google strategy that do not rank this kind of informative web sites in top of the list. Usually the top sites are full of garbage.
We’re a group of volunteers and starting a new scheme in our community. Your web site provided us with helpful information to work on. You have performed an impressive process and our entire community will likely be grateful to you.