Magic Eden now becomes the third NFT marketplace to achieve unicorn status alongside $13 billion OpenSea and $7 billion LooksRare.
Additionally, OpenSea officially integrated Solana to its network in April of this year, becoming a direct competitor to Magic Eden.in 2022, a major concern for blockchains that are never supposed to go down. These restarts contributed to the price of SOL, Solana’s native token, to a nearly 80% plunge so far in 2022. Magic Eden plans to use this round to help move away from its reliance on Solana and explore multi-chain options.
To the cofounders, the gaming industry already has the key elements of NFTs - a strong community and an exchange of goods within the gaming ecosystem.
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