Magic Eden acquires Crypto Trading App Slingshot to bypass NFTS

Marketplace Magic Eden on Solana Non-Funcible (NFT) Magic Eden captures the Crypto Trading App Slingshot as part of a strategy to expand the NFTS range where other markets were folded amid a long shrinkage in the market for a long time.
This step expanded Magic Eden support for more than 8 million icons across almost all of the main Blockchain, the company He said On April 9.
Magic Eden said: “There are no bridges,” said Magic Eden.
source: Jack Lu
Slingshot has collected nearly a million users so far, allowing users to reach any symbol on 10 of the largest Blockains with a global USDC (USDC) balance.
Slingshot is one of the many encryption platforms that aims to provide the entire series of chain-which eliminates the need for users to choose the right wallet, make sure they have enough gas fees, find a reliable bridge and transfer money-only to buy the distinctive code they follow.
CEO of Magic Aden Jack Lu Hope Integration will help to convert more from 500 million users who still rely on central exchanges towards more onchain original platforms.
Nft Marketplaces shutter as the calm of the market
He said if Magic Aden, Slingshot and Magic Eden would continue to work independently, but they indicated that there would be a “increased contact” between the platforms over time.
If also male This Magic Eden achieved $ 75 million of NFT Marketplace in 2024, and it hopes to help the Slingshot acquisition to raise the level of these numbers.
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Magic Aden’s expansion comes with the closure of many NFT markets in recent months.
Draftks, Gamestop and Exchange of encryption bybit All their NFT markets closed, with the martyr of bybit of reducing NFT trading sizes in its announcement on April 8.
As X2Y2 recently announced this Marketplace Nft will be turned off On April 30, when the company looks to mutating artificial intelligence.
NFT markets have witnessed $ 1.6 billion in NFT sales via 14 million transactions so far in 2025, Cryptoslam Data He appears.
However, his monthly sales volume He fell every month in 2025, And $ 1.6 billion is not anywhere near the right track to match A total of $ 8.9 billion from 2024Not to mention the record $ 23.7 billion in 2022.
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