Magic Eden raises $130 million and reaches $1.6 billion valuation

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Magic Eden raises $130 million and reaches $1.6 billion valuation
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ICYMI: Solana-based NFT marketplace Magic Eden reaches $1.6 billion valuation

co-founder and CEO Jack Lu told The Block in an interview.is currently the third-largest NFT marketplace by trading volumes. It was launched less than a year ago in October.

Magic Eden says its games discovery portal, Eden Games, has launched 45 games and seen 90% of all gaming NFT volume on Solana since its launch in March of this year. Lu said Magic Eden aims to serve creators and end-users across their NFT journey — from buying to community engagement. More and specific details on the multi-chain expansion strategy will be shared"in the coming weeks," he added.

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