Magic Eden has raised a total of $157 million across five funding rounds, reaching a $1.6 billion valuation as of June 2022. Founded in 2021 and headquartered in San Francisco, the NFT marketplace enables users to discover, trade, and create digital assets across multiple blockchains. Its $130 million Series B round in June 2022, led by Electric Capital and Greylock, is driving expansion into multi-chain capabilities and platform innovation. Backed by investors like Paradigm, Sequoia Capital, and Alameda Research, Magic Eden continues to lead growth in the global NFT ecosystem.