Magic Eden

NFT marketplace across multiple blockchains.

magiceden.io

HQ: Remote

Crypto

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

Magic Eden is a multi-chain NFT and digital asset marketplace that expanded from Solana NFTs into broader crypto trading, wallets, and related consumer crypto products.

Primary product

NFT marketplace and multi-chain digital asset trading platform

Founded

2021

Headquarters

United States (listed by Exa as "Everywhere, US" / U.S.-based)

Team size

51-200

Work style

Flexible

Industry

Software Development

Sub-industry

NFT marketplace / digital asset trading / Web3 consumer crypto platform

Offices

Mountain View

San Francisco

Business model

transaction fees

marketplace commissions

trading-related fees

wallet-related product monetization

platform/infrastructure monetization

Funding

Stage

late-stage private (multiple venture rounds)

Total raised

$215M

Latest round

Series B · Jun 2022

Latest amount

$130M

Initial Coin Offering

Jun 2023

$45M

Series B

Jun 2022 · Greylock, Electric Capital

$130M

Series A

Mar 2022 · Paradigm

$27M

Venture Round

Jan 2022 · Alameda Research

$10M

People & investors

Leadership

Jack Lu

CEO & Co-Founder

Zhuoxun Yin

Co-Founder / COO

Grace Chen

Co-Founder

Zhuojie Zhou

Co-Founder / Chief Technical Officer

Chris Akhavan

Chief Business Officer

Sidney Zhang

Co-Founder / CTO

Investors

Lightspeed Venture Partners

Other investors in prior rounds (not fully enumerated in retrieved sources)

Work & culture

Public sources suggest a fast-moving, crypto-native team emphasizing product velocity, multi-chain expansion, and consumer-oriented experimentation. Exa also indicates a distributed workforce across multiple countries.

Work style

Flexible

Compensation

No reliable public compensation bands were found in the retrieved sources. Publicly visible job postings exist, but salary details were not surfaced in the search results.

Product & market

Pricing

Primarily transaction-based marketplace fees and trading-related monetization; exact fee schedule was not confirmed in the retrieved sources.

Differentiators

—Started as a leading Solana NFT marketplace and expanded multi-chain early
—Broad asset support across NFTs and fungible tokens
—Mobile-first trading via Slingshot acquisition
—Wallet plus marketplace plus trading app ecosystem
—Positioning as 'all chains, all assets, all communities'

Technology

Solana

Ethereum

Bitcoin

Polygon

Base

React

React Native

Node.js

TypeScript

JavaScript

Python

MongoDB

Postman

Playwright

Looker

Databricks

Intercom

Okta

Kandji

Jamf

Customers

NFT collectors and traders

crypto users seeking multi-chain token trading

creator communities launching NFT collections

users of mobile wallet and onchain trading products

Competitors

OpenSea

Tensor

Blur

Rarible

LooksRare

Crypto exchange and wallet apps with token trading features

Scale & contact

Estimated revenue

~$50M-$100M annual revenue (Exa surfaced ~$75M annual revenue)

Estimated monthly visits

317.4K

Traffic estimate as of Jun 2026

Signals & risks

Layoff

Feb 2023

Magic Eden laid off 22 employees during a company-wide restructuring amid the crypto downturn.

Source

Acquisition

Apr 2025

Magic Eden acquired Slingshot to expand into cross-chain token trading and compete more directly with centralized exchanges.

Source

Other

Aug 2022

Decrypt reported criticism of Magic Eden's escrow-based model and API changes, including concerns about centralization and third-party access.

Source

Latest news

Magic Eden Pulls Plug on Bitcoin and Ethereum Support, Doubles Down on Solana

Decrypt · Feb 2026

Reported that Magic Eden will end Bitcoin/Ethereum-compatible marketplace support and move further toward Solana and iGaming, marking a major strategic pivot.

ME Token Slumps After Magic Eden Announces Buybacks, Staking Rewards

The Defiant · Jan 2026

Covered Magic Eden's plan to direct 15% of platform revenue into ME buybacks and staking rewards, and noted market reaction to the token economics.

Magic Eden Announces Launch of Buybacks Program

Magic Eden · Nov 2025

Official announcement that Magic Eden would allocate 15% of NFT marketplace revenue to ME token buybacks and 15% to NFT repurchases.

Magic Eden acquires crypto trading app Slingshot to compete with centralized exchanges

The Block · Apr 2025

Key acquisition signaling Magic Eden's push beyond NFTs into token trading and CEX competition.

Remote

6mo ago

Remote

Full-time

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