Not Fungible Token (NFT) Marketplace Magic Eden The slingshot was obtainedA trading app that allows users to see their crypto balance in many protocols.
The slingshot allows users to exchange tokens from a single universal USDC balance, remove obstacles such as purse -setting, bridging assets throughout the chain, and juggling gas fees, thus expanding Magic Eden that has past Solana per chain, including Bitcoin.
We just got it @Slingshotcrypto!
8m+ token. Each chain (bitcoin soon). No bridge. No CEXS. This is another key step toward our vision by providing the best platform to exchange all owners, with all the chains.
Oh, and Emmy likes green. pic.twitter.com/qmalplzszb
– Magicen 🪄 (@magiceden) April 9, 2025
“This acquisition is a key step forward in promoting Magic Eden Vision, which is to provide users around the world a seamless and safe way to buy and sell crypto and digital assets in all chains,” Jack Lu, CEO and Co-Founder of Magic Eden said in a blog post.
“Pairing the team of slingshot product visionaries with the best-to-class marketing and magic eden scales facilitates our ability to have a crypto future impact.”
Magic Eden said getting a slingshot would explore its plans to offer more Fiat-to-Crypto Onramp through platforms such as Apple Pay and Venmo, and introduce AI-assisted tools for easier discovery and trading.
Magic Eden itself has formed $ 75 million in NFT Market income in 2024, According to a post on Lu’s x. Lu said the integration of slingshot’s abstraction tech would effectively compete against crypto centralized exchanges.
At the same time, it will come as the NFT market continues to contract. A report from Dappradar It is shown that in 2024, NFT trading volumes fell 19% despite a wide bull run. Recently, NFT Marketplace X2Y2 said it closes its virtual doors citing the decline in trading volume.
