To raise such an amount for an NFT play during these market conditions on Solana tells me the following:
1) Solana remains very real
2) there is still crazy money flowing into Crypto
Funds will be used to expand its primary and secondary marketplace and explore multi-chain opportunities The marketplace receives an average of 22 million unique sessions per month and sees over 40,000 NFTs traded daily Magic Eden, the top Solana NFT marketplace, announced a $130 million series B funding round Tuesday, bringing its valuation to $1.6 billion.