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NFT Marketplace Magic Eden Buys Trading App Slingshot to Diversify Business

  • Magic Eden, a leading NFT marketplace, has acquired Slingshot, a popular crypto trading app to expand its services beyond NFTs.
  • The acquisition enables cross-chain trading without the need for bridging across 10+ blockchains, expanding Magic Eden's reach.
  • Slingshot has nearly 1 million users and supports user-friendly features such as email login and multiple payment options.
  • The combined platform will support over 5 million tokens, with Bitcoin-native tokens set to be available soon.

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