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News Explorer — Web3 Wallet Maker Magic Raises $52 Million

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May 31, 5:29 pm

Decrypt

Web3 Wallet Maker Magic Raises $52 Million

Magic, a Web3 wallet provider, has raised $52 million in a strategic funding round led by PayPal Ventures. The round had six investors and will be used to build best-in-class products, expand enterprise offerings, and unlock more use cases. PayPal Ventures is proud to be investing in Magic and believes the company will help drive the growing number of web3 use-cases.

Magic, a Web3 wallet provider, has raised $52 million in a strategic funding round led by PayPal Ventures. The round had six investors and will be used to build best-in-class products, expand enterprise offerings, and unlock more use cases. PayPal Ventures is proud to be investing in Magic and believes the company will help drive the growing number of web3 use-cases.

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