Magic Eden
NFT marketplace
- 101-200 employees
- B2C
- Cryptocurrency
- Marketplace
- Digital Media
- Art
- Web 3.0
- Fully remote
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Company mission
To build the best place to trade and rate onchain.
Our take
The total volume traded in non-fungible tokens (NFTs) is well over $50 billion, and they have revolutionized the way that creators can monetize their work. Magic Eden supplies a platform for trading NFTs, that is distinct for its focus on gamers and the internet community. As well as functioning as a marketplace, which is the base capability of many competitors, it also employs vertical integration of NFTs within the games it hosts on its platform.
This unique focus has primed Magic Eden for huge success - it moved from launch to Unicorn status in just 9 months and achieved ICO funding of $45 million in 2023. Although there are much larger NFT marketplaces, such as the market-controlling OpenSea, Magic Eden's incorporation of the Ethereum blockchain into its program (it initially only used the smaller Solana) indicates that it may be set to take on its older, more established competitors.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 3 rounds)
Jun 2022
$130m
SERIES B
Mar 2022
$27m
SERIES A
Total funding: $159.5m
This company has top investors
Leadership
Jack Lu
(Co-Founder & CEO)Jack previously worked as a Project Manager at Google, Consultant at BCG, and Software Engineer at HelloBlock.
Sidney Zhang
(Co-Founder & CTO)Previously founded and was CTO of HelloBlock. They also worked as an Engineering Manager at both Uber and Facebook.
Zhuoxun Yin
(Co-Founder & COO)Prior to Magic Eden, worked as a Senior Product Manager at Coinbase. They were also Head Of Strategy & Business Operations at dYdX and a Senior Associate Consultant at Bain & Company.
Zhoujie Zhou
(Co-Founder & Chief Engineer)Former Staff Engineer at Facebook, as well as working at Uber as a Software Engineer and at Checkr as a Senior Staff Software Engineer.