Since its launch in 2021, Magic Eden has undergone rapid growth, raising $130 million in Series B funding in July 2022 with a valuation of $1.6 billion. It is currently the largest NFT marketplace in the Solana ecosystem.
Since the launch of its marketplace for the Bitcoin NFTs, Magic Eden's share in the Ordinals market has skyrocketed, accounting for more than 50% of the market.
Magic Eden, one of the biggest cross-chain NFT platforms, launched a “fully audited” marketplace for Bitcoin Ordinals, utilizing on the growing interest in “Bitcoin NFT”.