Magic Labs has so far raised more than $80 million and facilitated the creation of 20 million wallets with support from over 130k developers.
Magic Labs Inc, an upcoming crypto wallet-as-a-Service (WaaS) provider, has announced the completion of a strategic funding round with $52 million to enable Web3 mass adoption. The 52MfundingLedMagicPayPalProjectRaisesStrategicVenturesWeb3 Read More
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Non-custodial wallet-as-a-service provider, Magic, has secured $52 million in funding in a recent funding round, despite challenging bear market conditions.
The funding, led by PayPal Ventures and joined by Cherubic, Synchrony, KX, Northzone, and Volt Capital, 52MBearCryptoMagicMarketRaises Read More
On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone, and Volt Capital, bringing Magic's total funds raised to over $80 52MDeveloperfundingLedMagicPayPalRaisesVenturesWeb3 Read More
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.
Original Source 52MCryptoFirmLeadsMagicPayPalVentures Read More
The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.
On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to BitcoinCreatorsEdenLaunchpadMagicNFTOrdinalsUnveils Read More
“Bitcoin is the grandfather of all blockchains, and we believe it can be the home to pure digital artifacts,” said Yin. “With Ordinals, content can be preserved forever, and we're proud to be helping creators and the Ordinals community grow together."
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NFTs continued to grow beyond their humble Ethereum roots this week, with Magic Eden becoming the first major NFT marketplace to offer Bitcoin-based collectibles on its platform. Web3 gaming was also in the spotlight, as Sony filed a patent that could make NFTs transferable between different games and consoles. Meanwhile, BitcoinMagic Read More
“We’ve seen an emphasis on infrastructure investment for blockchain games, and many teams are doing great work tackling important problems in the technology and services ‘stack’” said Steven Chen, core contributor at Game7. “A focus on bringing in more quality games and [intellectual property] will drive the sector forward, as CollectiveCommunitiesEdenFormsGamesLeadingMagicPublishersWeb3 Read More
One thing that has distinguished traditional banking from crypto, in the eyes of many financial experts, is stability. There's a strong belief that most people who put money into an account at a prominent bank will generally leave it there, indefinitely – whether due to comfort, satisfaction, relationships, laziness, lots BankDepositsInternetMagicMoneyRapidRevealRuns Read More
Magic Eden is not the first to ride the Ordinals NFT wave. ORDX and Generative, launched in February, are two of the first Ordinals NFT marketplaces.
Non-fungible token (NFT) marketplace Magic Eden is set to launch a fully audited Bitcoin NFT marketplace. This comes as Bitcoin-based Ordinals NFTs become increasingly popular. BitcoinEdenLaunchesMagicMarketplaceNFTOrdinals Read More