Magic Eden Expands Beyond NFTs with Slingshot Acquisition

Magic Eden, a prominent player in the NFT marketplace space, has made a strategic move by acquiring trading platform Slingshot to diversify its operations beyond non-fungible tokens (NFTs). This acquisition is seen as a significant step toward competition in other blockchain sectors. 8 million+ token trades across various chains, including Bitcoin and Ethereum, are now possible without the need for bridges or centralized exchanges. This aligns with Magic Eden’s vision of providing a unified platform for trading all assets on all chains.