Magic Eden Acquires Slingshot to Expand On-Chain Trading

Magic Eden has acquired Slingshot, a leading platform in on-chain trading, aiming to broaden its services beyond the realm of non-fungible tokens (NFTs). This strategic move signifies Magic Eden’s ambition to diversify and expand its market reach. The acquisition positions them to leverage Slingshot’s technology for increased trading capabilities and create new opportunities across different blockchain networks.