How Magic Eden hit $96M revenue and 900K customers in 2022.
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
$170M
Funding
Magic Eden Revenue
In 2022, Magic Eden revenue run rate hit $96M in revenue.
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2022
Magic Eden hit $96M in revenue in 2022
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2021
Magic Eden launched in 2021 with $0 revenue
Magic Eden Funding History
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2022 Series A
Magic Eden raised a Series A of in May, 2022
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2021 Seed
Magic Eden raised a Seed of in May, 2021
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| May, 10 2022 | Series A | ||
| May, 10 2021 | Seed |
Team
Magic Eden has 130 total employees. They have 900,000 customers an engineering team of 40
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 130 |
| Engineer | 40 (31%) |
Founder / CEO
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
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What's your age?
33
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Favorite online tool?
Telegram
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Favorite book?
Bird Chronicles
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Favorite CEO?
Sam CEO FTX
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Advice for 20 year old self
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Customers
Churn
Magic Eden Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Jack Lu | CEO | [email protected] | - |
Magic Eden Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Jack Lu | CEO | [email protected] | - |
| Mike Duboe | Investor | - | - |
Frequently Asked Questions about Magic Eden
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When was Magic Eden founded?
Magic Eden was founded in 2021.
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How much revenue does Magic Eden generate?
Magic Eden generates $96M in revenue.
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Who is the CEO of Magic Eden
The CEO of Magic Eden is Jack Lu.
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How much funding does Magic Eden have?
Magic Eden raised $170M.
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How many employees does Magic Eden have?
Magic Eden has 130 employees.
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Where is Magic Eden headquarters?
Magic Eden is headquartered at 160 Spear Street Suite 1000, San Francisco, California, United States
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