Non-custodial wallet-as-a-service provider, Magic, has secured $52 million in funding in a recent funding round, despite challenging bear market conditions.
The funding, led by PayPal Ventures and joined by Cherubic, Synchrony, KX, Northzone, and Volt Capital, will support Magic’s efforts to expand its enterprise-ready product suite and facilitate the adoption of web3 technology.
Supporting web3 adoption
Magic has positioned itself as a provider of tools to assist companies
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Author: Ogwu Osaemezu Emmanuel
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