Magic Eden revenue hit $96 million in 2023
Magic Eden valuation more than $205 million
Magic Eden team size is 100 employees
How did Latka collect this data?
Latka collected this data by interviewing Magic Eden CEO Jack Lu on 05/10/2022
Watch the podcast
Magic Eden
160 Spear Street Suite 1000 San Francisco, Ca, United States
How Magic Eden hit $96M Revenue with 900K customers in 2023.
The company that owns Magic Eden is called Dapper Labs, Inc. It is a blockchain technology company. Dapper Labs is best known for creating the NBA Top Shot platform, which allows fans to buy, sell, and trade officially licensed NBA collectibles as non-fungible tokens (NFTs) on the blockchain. Magic Eden is a marketplace for buying and selling NFTs built on the Flow blockchain, which was developed by Dapper Labs. The platform aims to provide a user-friendly experience for creators and collectors alike, enabling them to easily discover, buy, and sell NFTs.
2021
Founded
$96M
2022 Revenue
YOY
$29.5M
Funding
Magic Eden Revenue
In 2022, Magic Eden revenue run rate hit $96M in revenue.
2022
Magic Eden hit $96M in revenue in 2022
2021
Magic Eden launched in 2021 with $0 revenue
Magic Eden Funding History
2022 Series A
Magic Eden raised a Series A of $27M at a $205M valuation in May 2022
2021 Seed
Magic Eden raised a Seed of $2.5M at a $10M valuation in May 2021
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 05/10/2022 | Series A | $27M | $205M |
| 05/10/2021 | Seed | $2.5M | $10M |
Team
Magic Eden has 100 total employees They have 900000 customers an engineering team of 40
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 100 |
| Engineer | 40(40%) |
| Sales | 0(0%) |
| Marketing | 0(0%) |
CEO/Founder
Jack Lu
After monitoring the crypto space and recognizing its great potential, particularly on Solana, Jack took the leap starting out at FTX, one of the industry’s leading exchanges where he worked within Partnerships and Corporate Development. Following this, Jack decided to fill the gap in the market for a community-focused interactive NFT ecosystem and marketplace, and launched Magic Eden which has witnessed one of the fastest paces of growth in crypto.
Q&A
What`s your age?
32
Favorite online tool?
Telegram
Favorite book?
Bird Chronicles
Favorite CEO?
Sam CEO FTX
Advice for 20 year old self
Studied computer science
Customers
Magic Eden has 900K customers.
Lifetime Months
-
x
Monthly ARPU
$9
=
Lifetime Dollar
-
Acquisition Cost
-
Average Annual Price
$108
Churn
Magic Eden has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
0.00%
About Magic Eden
Monthly Revenue
$8M
-
Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
0.0%
=
Rule of 40
0
Magic Eden Board of Directors
| Name | Position |
|---|
Magic Eden Executives
| Name | Position |
|---|---|
| Jack Lu | CEO |
Magic Eden Employees
| Name | Position |
|---|---|
| Mike Duboe | Investor |
| Jack Lu | CEO |
Frequently Asked Questions about Magic Eden
When was Magic Eden founded?
Magic Eden was founded in 2021.
How much revenue does Magic Eden generate?
Magic Eden generates $96M in revenue.
Who is the CEO of Magic Eden?
The CEO of Magic Eden is Jack Lu.
How much funding does Magic Eden have?
Magic Eden raised $29.5M.
How many employees does Magic Eden have?
Magic Eden has 100 employees.
Where is Magic Eden headquarters?
Magic Eden is headquartered in United States