Solana-Based NFT Marketplace Magic Eden Unveils Web3-Focused Venture Capital Fund

Magic Eden, a prominent NFT marketplace, has announced the creation of a venture capital fund that will primarily invest in Web3 games.

According to the company’s official press release, Magic Eden has announced that it will be expanding its gaming division. Magic Eden, a San Francisco-based NFT marketplace, has announced the expansion of its gaming division.

“The gaming market is huge and has just begun to expand into the realm of Web3. To champion the future games on the blockchain, we intend to strengthen our relationships with gamers and game developers.

In less than one year, the Solana-based NFT market has been in the unicorn’s league. It raised $130m in Serial B funding, co-led with Greylock and Electric Capital. This increased its valuation to $1.6billion.
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