<ul><li>Magic Eden, a leading NFT marketplace on Solana, has raised USD 130 million in a Series B funding round co-led by Electric Capital and Greylock Partners, with participation from Lightspeed Venture Partners and existing investors Paradigm and Sequoia Capital. The round brings Magic Eden’s valuation to USD 1.6 billion and follows its USD 27 million Series A funding round in March 2022 .</ul>
The fresh funds will be used to expand its marketplace and products, and explore a multichain strategy beyond the Solana blockchain.
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