MagicEden Research Report
TGE time: December 10
Listed exchange: To be announced
Financing: 146 million
B round cost: 1.6U
Total: 1 billion
Initial circulation: 125 million
Pre-market price: 3.4
Pre-market market capitalization: 425 million
Total market value before market opening: 3.4 billion
Investment research analysis:
1. Benchmark project Opensea raised 427 million yuan and was valued at 13.3 billion yuan (no token issued, wants to be listed on Nasdaq)
2. Benchmark project Blur raised 11 million yuan, with a circulating market value of 795 million yuan and a total market value of 1.1 billion yuan
The leader of the rune sector, the main source of income is also rune trading income
NFT is the leader in the SOL chain sector, but NFT is still mainly on the ETH chain, and not many people play on SOL.
Of course, if NFT hadn’t recovered recently, no one would play ETH’s NFT.
As it is the leader in rune trading, its fee income also far exceeds that of other NFT platforms.
