Non-fungible token (NFT) marketplace Magic Eden has acquired Slingshot, a trading app that allows users to see their crypto balance across multiple protocols. Slingshot allows users to trade ...

Magic Eden buys Slingshot trading app to expand beyond NFTs and challenge centralized exchanges with seamless cross-chain trading.

NFT marketplace Magic Eden has acquired crypto trading platform Slingshot as part of an effort to move beyond NFTs amid a ...

Jack Lu, the cofounder and CEO of Magic Eden, declined to specify the terms of the deal.

NFTScan data shows that OpenSea had over 2.1 million wallets engaging with the platform in the last three months.

The OpenSea NFT market again dominates the sector, leading 30-day trading volume with over 40% trading activity.

Magic Eden, one of the largest cross-chain non-fungible token market platforms, has acquired Slingshot, a renowned crypto trading app.

The deal marks a significant shift for Magic Eden, which is best known for being a leading NFT marketplace and digital asset platform. By integrating Slingshot’s trading infrastructure, the company ...