Fenwick represented Magic Eden, an NFT marketplace, in its $130 million Series B financing, bringing its valuation to $1.6 billion. The round was co-led by Electric Capital and Greylock Partners with participation from Lightspeed Venture Partners, Paradigm and Sequoia Capital.
Magic Eden will use the new capital to expand its primary and secondary marketplaces, explore multichain opportunities and invest in its team and technology. More information can be obtained from the company’s announcement.
The transaction was led by the Fenwick Blockchain Team.