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Magic Eden has raised $130 million in Series B funding, led by Electric Capital and Greylock

On June 21, Magic Eden, a Solana eco-NFT market, announced that it has closed a $130 million Series B funding round, led by Electric Capital and Greylock, with a post-round valuation of $1.6 billion. MagicEden plans to use the money to expand its primary and secondary markets and explore "multi-chain ecological opportunities".
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Founded less than a year ago, Magic Eden now has more than 22 million monthly unique visitors, more than 100,000 wallets interacting with the platform every day, and the secondary market has more than 8,000 NFT collectibles.
Its co-founder stated: Magic Eden will become the entry point for everyone to enter the cryptocurrency space, trading all on-chain assets.
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