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Magic Eden is the leading destination for NFT discovery, expression, and ownership across digital cultures. Led by former crypto, tech, and hospitality leade...
Magic Eden is the leading NFT marketplace. Buy, sell, and collect NFTs across all chains, including Solana, Bitcoin, Ethereum, Base, ApeChain, Abstract, Berachain, Monad, Avalanche, Arbitrum, Sei, BNB Chain, and Polygon. It offers world class NFT minting experiences, collection trait offers, complete analytics, advanced chart views and many other features. Marketplace aggregation is also supported to ensure you never miss an opportunity.
Magic Eden has raised $157.0M across 2 funding rounds.
Key people at Magic Eden.
Magic Eden was founded in 2021 by Zhuoxun Yin (Co-Founder) and Jack Lu (Founder) and Zhuoxin (zedd) Yin (Founder) and Zhuojie Zhou (Founder) and Sidney Zhang (Founder).
Magic Eden has raised $157.0M in total across 2 funding rounds.
Magic Eden was founded in 2021 by Zhuoxun Yin (Co-Founder) and Jack Lu (Founder) and Zhuoxin (zedd) Yin (Founder) and Zhuojie Zhou (Founder) and Sidney Zhang (Founder).
Magic Eden has raised $157.0M in total across 2 funding rounds.
Magic Eden's investors include Electric Capital, Greylock, 01 Advisors, 1984 Ventures, 8VC, Alumni Ventures, Asylum Ventures, Bee Partners, Cantos Ventures, Conviction Partners, Dell Technologies Capital, FJ Labs.
Key people at Magic Eden.
Magic Eden is a leading multi-chain NFT marketplace that enables users to discover, create, buy, sell, and trade non-fungible tokens (NFTs) across several blockchains including Solana, Ethereum, Polygon, and Bitcoin. It serves digital creators, collectors, and gamers by providing a fast, low-cost, and user-friendly platform that addresses common NFT trading challenges such as high fees and slow transactions. Since its launch in 2021, Magic Eden has rapidly grown to become one of the largest NFT marketplaces, expanding its ecosystem with features like a launchpad for creators, bulk listing tools, and cross-chain wallet support, positioning itself as a community-centric hub for digital asset ownership and expression[1][2][3].
Founded by Jack Lu (CEO), Sidney Zhang (CTO), Zhuoxun Yin (COO), and Zhuojie Zhou (Chief Engineer) in 2021, Magic Eden emerged from the founders’ recognition of Solana’s blockchain potential to solve NFT marketplace inefficiencies. The idea was to create a platform that made NFT trading intuitive and accessible, leveraging Solana’s high throughput and low fees. Early traction was strong, with $50K in trades on its first day and rapid growth to become the leading Solana NFT marketplace within months. The team’s diverse backgrounds in crypto, DeFi, and tech helped shape Magic Eden’s community-first approach and continuous innovation[1][2][4].
Magic Eden rides the wave of growing interest in NFTs and Web3 digital ownership, capitalizing on the shift toward decentralized digital economies. Its timing is critical as blockchain technology matures and user demand for cross-chain interoperability increases. By lowering barriers to entry with fast, affordable transactions and expanding beyond Solana, Magic Eden influences the NFT ecosystem by setting standards for multi-chain marketplaces and community governance. It also contributes to the broader adoption of NFTs in gaming, digital art, and cultural expression, helping to mainstream blockchain-based digital assets[1][2][3].
Looking ahead, Magic Eden aims to deepen its multi-chain capabilities, launch its native $ME token, and transition to a DAO governance structure, which will enhance community involvement and platform decentralization. Trends such as Layer 2 scaling, AI integration, and expanding NFT use cases in gaming and metaverse projects will shape its growth. As Magic Eden continues to innovate and expand, it is poised to remain a key player in the evolving NFT and Web3 landscape, driving adoption and shaping how digital assets are created, traded, and governed[2][3].
Magic Eden has raised $157.0M across 2 funding rounds. Most recently, it raised $130.0M Series B in June 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 9, 2024 | Build on Bitcoin | $1.6M Other Equity | Marguerite de Tavernost | Aave Foundation, Babylon, BlackRock, Centrifuge, Curve, Injective, Mechanism, Ordinals, Rarible, MacLane Wilkison, Vessel Capital |
| May 2, 2024 | Nucanon | $500K Pre-Seed | Jason Calacanis, Rob Greco | Mark Aubrey, James McClure, Futureverse, New Zealand Gaming Giant, Outlier Ventures, Paperclip Partners |
| Feb 21, 2023 | Strider | $5.5M Seed | Ian Emerson, Yohei Ishii | Sfermion, Shima Capital |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2022 | $130.0M Series B | Electric Capital, Greylock | 01 Advisors, 1984 Ventures, 8VC, Alumni Ventures, Asylum Ventures, Bee Partners, Cantos Ventures, Conviction Partners, Dell Technologies Capital, FJ Labs, LaFont, Lightspeed Venture Partners, Meritech Capital Partners, Pareto Holdings, Refactor Capital, Sapphire Ventures, Sequoia Capital, Stellar Capital, The Community Fund, Verified Capital, Virta Ventures, Andrew Bialecki, Deepak Jeevan Kumar, Dennis Steele, Eric Rea, Mathilde Collin, Mulenga Agley, Scott Belsky, Paradigm |
| Mar 1, 2022 | $27.0M Series A | Paradigm | 8090 Industries, 8VC, Alumni Ventures, Bee Partners, Cantos Ventures, Comal Ventures, Felicis Ventures, FJ Labs, GE Ventures, Infinite Niches, Lowercarbon Capital, Refactor Capital, Sequoia Capital, Union Square Ventures, Verified Capital, Village Global, Virta Ventures, David Mytton, Matt Brezina, Susan Danziger, Greylock Partners, Solana Ventures |