Magic, a leading non-custodial wallet-as-a-service (WaaS) provider and web3 onboarding solution has raised $52 million in a strategic funding round led by PayPal Ventures with participation from Cherubic Ventures, Synchrony, Kx, Northzone, and Volt Capital. Magic uses blockchain technology to facilitate the digitization and tokenization of customer loyalty programs, digital collectibles, employee recognition, ticketing, and subscriptions.
Magic announces $52M Strategic Funding Round led by PayPal Ventures
