NFT Startup Magic Eden’s $1.6B Valuation

“Magic Eden COO Zhuoxun Yin joins Emily Chang and Sonali Basak on Bloomberg’s Crypto Report to talk about how their NFT marketplace saw its valuation rise ten-fold despite a slowdown in private investing and a troubled cryptocurrency market, and how they plan on using those funds. ——– Like this video? Subscribe”

As of today, this “NFT Startup Magic Eden’s $1.6B Valuation” video, uploaded by Bloomberg Technology on 2022-06-22 00:48:22, was viewed 2099 times and had 43 likes.

A non-fungible token (NFT) is a non-interchangeable unit of data that can be sold and traded and is held on a blockchain, a type of digital ledger. Digital media such as audio, videos, and photographs may be connected with several types of NFT data units.

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