Solana's NFT Marketplace Magic Eden Closes $27 Million Financing with Sequoia Capital and Others

Solana's NFT market Magic Eden closed a $27 million financing, with participation from Sequoia Capital, Paradigm, Greylock and others. Magic Eden was founded by former Coinbase product manager Zhuoxun Yin. In addition to the NFT market, Magic Eden also established MagicDAO, through which users can vote on which series of NFTs are displayed on the homepage.