Magic Eden
Founded Year
2021Stage
Unattributed - II | AliveTotal Raised
$170.28MLast Raised
$6.22M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+185 points in the past 30 days
About Magic Eden
Magic Eden operates as an online marketplace for non-fungible tokens (NFTs). It enables users to create and sell their NFTs on the blockchain network. It aims to be the platform for discovering, trading, and creating NFTs. The company was founded in 2021 and is based in San Francisco, California.
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Research containing Magic Eden
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Magic Eden in 1 CB Insights research brief, most recently on Jun 23, 2022.
Expert Collections containing Magic Eden
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Magic Eden is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,257 items
Blockchain
12,856 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Latest Magic Eden News
Jan 8, 2025
The non-fungible token (NFT) collection backed by President-elect Donald Trump launched its first 160 items, the “Trump Bitcoin Digital Trading Cards,” on Bitcoin (BTC) using the Ordinals protocol. Users who acquired the 100 NFT cards from the “Mugshot Edition” and submitted their Bitcoin wallets are eligible for the claim through NFT marketplace Magic Eden. Users had minted 19 out of 119 available Ordinals as of press time, with the claim period lasting until Jan. 31. Ordinals create unique assets on the Bitcoin blockchain by inscribing data onto individual satoshis, the smallest BTC unit. The Trump Bitcoin Digital Trading Cards used “Alpha sats,” the first satoshis of a Bitcoin block. Users have already listed six Trump-inspired Ordinals on Magic Eden, with the lowest floor price currently standing at 0.25 BTC, while the most expensive Ordinal from the collection is priced at 9.8 BTC. Although the Ordinals market cooled off in late May 2024, with monthly average Ordinals inscriptions ranging from 13,000 to 35,000 until November, it started picking up pace again by the end of the year. According to a Dune Analytics dashboard by user Data Always, monthly average Ordinals inscriptions ranged from 54,000 to 92,000 last month. Track record Although this is the first Ordinals collection tied to Trump, the President-elect has a track record with NFTs, having launched several collections over the years, including four “Trump Digital Trading Cards” series, with pictures of him holding BTC and doing his notorious dance. The latest edition, launched in August 2024 and called “America First,” included up to 11 benefits, such as gold Trump-themed sneakers and a dinner with Trump. According to the NFT Price Floor aggregator, users have not yet traded their items from this collection. Over the past 90 days, the first edition of Trump-themed NFTs registered 2,180 sales , up 71.1%, while the volume fell 2.35% to $330,774. Meanwhile, the second edition sales went up by 151% to reach 4,579, with the volume going up by 30%, totaling $147,605 in the same period. Mentioned in this article
Magic Eden Frequently Asked Questions (FAQ)
When was Magic Eden founded?
Magic Eden was founded in 2021.
Where is Magic Eden's headquarters?
Magic Eden's headquarters is located at 332 Pine Street, San Francisco.
What is Magic Eden's latest funding round?
Magic Eden's latest funding round is Unattributed - II.
How much did Magic Eden raise?
Magic Eden raised a total of $170.28M.
Who are the investors of Magic Eden?
Investors of Magic Eden include Sequoia Capital, Paradigm, Lightspeed Venture Partners, Greylock Partners, Electric Capital and 5 more.
Who are Magic Eden's competitors?
Competitors of Magic Eden include Indexer, AtomicHub, Fractal, Uniqly, Supermojo and 7 more.
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Compare Magic Eden to Competitors
Rarible focuses on the non-fungible token (NFT) sector, providing a marketplace for digital goods. It offer a platform for the discovery, purchase, and sale of NFTs, catering to brands, communities, and individual creators. The company primarily serves sectors that require blockchain technology for digital asset transactions. It was founded in 2020 and is based in Wilmington, Delaware.
SuperRare is a digital art marketplace operating on the Ethereum blockchain, specializing in the issuance, collection, and trading of rare digital art. The platform allows artists to create artwork that is tokenized as non-fungible tokens (NFTs), which can then be owned, displayed, and traded by collectors. It was founded in 2018 and is based in Newark, Delaware.
OpenSea operates as a digital marketplace specializing in the trade of non-fungible tokens (NFTs) within the web3 ecosystem. The platform facilitates the minting, buying, selling, and auctioning of NFTs across various categories such as art, gaming, music, and more. OpenSea provides a peer-to-peer trading environment that supports multiple blockchain networks. It was founded in 2017 and is based in New York, New York.
Fanaply provides a non-fungible token (NFT) service solution for driving the digitization of fandom through collectibility, scarcity, storytelling, marketing, and robust community building. It works with musicians, sports teams, festivals, and other partners to bring official, virtual merchandise based on blockchain technology. It was founded in 2019 and is based in New York, New York.
Superlogic specializes in loyalty and connected commerce solutions within the technology sector. The company offers a platform for customer engagement and loyalty through gamified systems, digital product IDs, and data-driven marketing tools. Superlogic primarily serves brands looking to improve customer retention and the effectiveness of loyalty programs. Superlogic was formerly known as OneOf. It was founded in 2021 and is based in Miami, Florida.
Epix Industries builds technology to design, create, and promote a new way to buy, sell, trade, and ultimately consume fashion. Its product, Neuno offers marketplace for luxury fashion non-fungible tokens (NFTs) and digital wearables. It was founded in 2018 and is based in Lewes, Delaware.
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