Electric Capital and Greylock Partners led a $130m Series B round in Magic Eden.

Electric Capital, an early stage venture firm, and Greylock Partners, a venture capital firm, led a $130m Series B round in Magic Eden, a NFT marketplace, with participation from Lightspeed Venture Partners, Paradigm and Sequoia Capital. “This valuation more than ever validates the industry and market we’re in. There’s investor appetite to bet on this market. We’re very bullish on the horizon, there’s a lot to build and most of the use cases are still early, so this gives us an opportunity to build that," Zhuoxun Yin, Magic Eden COO.