ICYMI: Solana-based NFT marketplace Magic Eden raises $27 million
, Solana Ventures, Greylock Partners, Electric Capital and others participating.
The raise was an equity funding round and will help Magic Eden focus on the blockchain gaming sector, the firm's co-founder and CEO Jack Lu told The Block. To that end, Magic Eden has today launched, a content hub for game publishers. The hub will allow publishers to share their landing pages custom-built by Eden Games, said Lu.
"We hold over 90% of market share for NFT secondary trading volume for all gaming NFTs on Solana," said Lu."Game publishers really struggle to get enough eyeballs when sharing news and we want to serve as that platform." Magic Eden is also looking to launch a venture unit, dubbed Magic Ventures,"in a few weeks." Lu declined to provide further details on the unit but said it will back community projects. The firm is also expanding its current team of 60 people by hiring across functions, including operations and marketing.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sequoia Capital Bets Big on Solana-Based NFT Marketplace Magic Eden: ReportSolana-based NFT marketplace Magic Eden has raised $27 million in the latest funding round led by Sequoia and other investors.
Read more »
Crypto News, March 14: Big NFT News and BTC Ban Fears | CoinMarketCapMonday's crypto news with ConnorSephton 📰 🇪🇺 Crucial vote today could BAN Bitcoin in Europe 💰 Bored Ape Yacht Club buys CryptoPunks IP in shock deal 🇬🇧 U.K. orders all Bitcoin ATMs to shut 🤩 Mila Kunis works on new NFT series And much more! 👇
Read more »
This Mila Kunis-Backed TV Show Lets NFT Holders Choose the PlotThe animated series is Kunis’ latest project at the intersection of Hollywood and blockchain.
Read more »
Binance Loans Launches Interest Rate Reduction Promotion and NFT Mystery Boxes Reward Program | Binance SupportFellow Binancians, Binance Loans has launched a promotion to reduce interest rates on the platform, and partnered with Binance NFT to launch the NFT Mystery Boxes Reward Program . Both new and ...
Read more »
Artists and Activists Turn to NFT Sales to Support the Ukrainian People – Metaverse Bitcoin NewsNFTs are showing the brighter side of humanity as real support transcends the boundaries of nations and reaches Ukraine through the metaverse. In light of
Read more »
Ukraine's NFT collection will be 'like a museum of the war,' minister says'We want to tell the world in NFT format,' Ukrainian minister Alex Bornyakov tells The Guardian.
Read more »