Magic Eden

Platform for discovering and sharing digital media

San Francisco, California, United States

About Magic Eden

Magic Eden connects creative communities with collections and creators through its online platform. Users can discover, create, and share collections of digital media, while also collaborating with other creators to build their own unique collections. Unlike other platforms in the same industry, Magic Eden emphasizes collaboration and offers a distinctive approach to discovering and sharing digital media. The platform generates revenue by charging users a fee for access and taking a commission from creators on the sale of their digital media. The goal of Magic Eden is to provide an easy and convenient way for users to engage with digital media and for creators to monetize their work.

San Francisco, CaliforniaHeadquarters
2021Year Founded
$155.1MTotal Funding
ICOCompany Stage
Consumer Software, Crypto & Web3Industries
51-200Employees

Risks

The ME token's volatility may affect investor confidence in Magic Eden.
Regulatory scrutiny over TestME token could pose legal and reputational risks.
Partnerships in the competitive gaming industry may lead to financial losses.

Differentiation

Magic Eden offers a unique platform for discovering and sharing digital media.
The company fosters community engagement through Magic Tickets and MagicDAO.
Magic Eden's cross-platform partnerships expand its reach in the NFT space.

Upsides

Increased interest in NFT gaming could drive more users to Magic Eden.
The ME token launch indicates a trend of NFT marketplaces enhancing user engagement.
Cross-platform partnerships like with Nifty Island expand Magic Eden's market reach.

Funding

Total raised$155.15 M
Latest valuation$1.60 B
StageICO
ICO
5/31/2023
$45
$27
$135.00 M
SEED
9/30/2021
$2
$12.50 M