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Crypto firm Magic, which provides non-custodial wallet infrastructure, has secured $52 million in strategic funding. The funding round was led by PayPal Ventures and counts enterprise clients such as Macy’s and Mattel among its customer base.According to a press release, the funding will support the expansion of Magic’s functionality to cater to additional use cases. It will also aid the company in further expanding its presence in the European Union and the Asia-Pacific region.In a press release, Alan Du, partner at PayPal Ventures, expressed that Magic is contributing to the widespread adoption of Web3 with its secure and user-friendly solution. Du highlighted that Magic’s wallet creation service enables companies to connect with millions of users through their apps and onboard new customers who are new to<a href="https://cryptosheadlines.com/bitget-invests-10m-in-web3-0-youth-oriented-innovation/" rel="noopener noreferrer nofollow"> Web3.</a>Also Read This Related:&nbsp;<a href="https://cryptosheadlines.com/anoma-foundation-secures-25m-to-advance-intent-centric-blockchain-architecture/" rel="noopener noreferrer nofollow">Anoma Foundation Secures $25M to Advance Intent-Centric Blockchain Architecture</a>PayPal Ventures is proud to invest in Magic and believes that the company will play a key role in promoting various Web3 use-cases for global brands. <a href="https://cryptosheadlines.com/paypal-ventures-leads-52m-funding-for-crypto-firm-magic/" rel="noopener noreferrer nofollow">Read More...</a>Join Cryptos Headlines Community: <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a>

PayPal Ventures Leads $52M Funding for Crypto Firm Magic

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