The round was co-led by Electric Capital and Greylock, valuing the Company at $1.6 billion. Lightspeed Venture Partners also joins the round as a new anchor investor. Other participants include previous investors Paradigm and Sequoia Capital.

Magic Eden is the leading community-centric NFT marketplace driving the next billion users to Web3. Led by former crypto, tech, and hospitality leaders, Magic Eden is building a user-friendly platform powered by market-leading minting and trading solutions. Magic Eden brings dynamic cultural moments onto the blockchain, empowering users across thousands of digital communities to create, discover and collect unique NFTs.