Magic Eden acquires Cripto Trading App Slingshot to move outside NFTS

Solana without fungal token (NFT) Marketplace Magic Eden has acquired Cripto Trading App Slingshot as part of the Strategy to expand outside the NFTS as well as other Marketplases, the extended market decline.

The move expanding the support of Magic Eden more than 8 million tokens around it only a larger hi, firms said in post 9 April.

“There are no bridges. There are no CEKs. This is another big step towards our vision providing the best platform for all property, on all chains,” Magic Eden said.

So far, Slingshot has become almost a million users, allowing users to access any token to 10 largest blockers with universal USDCs (USDC) Balance.

Sningshot is one of a few crypts platforms that deliver full abstraction – eliminate the need to select real wallets, ensure that they have enough fee for gas, find a reliable bridge and move the means and move only to buy the token.

Magic Eden CEO Jack Lu hope Integration will help to transfer more than 500 million users and continue to rely on centralized exchanges towards multiple crypto-native platforms.

NFT Marketplaces Shutter as Serbian conditions

Lu said that the magical Eden and Slingshot and Magic Eden would continue to act independently, but they were observed that in time would increase “increase connection” between platforms.

Lu also noted That magical eden made $ 75 million on the NFT market and hopes that the acquisition of emptying would help you start the numbers even higher.

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The expansion of Magic Eden comes while several NFT’s market plans are unbuttoned in recent months.

Draft, Gamestop and the Cripto Exchange Bibit Everyone closed their NFT Marketplaces, and Babit stating the NFT by connecting the volume in the announcement. April.

X2i2 also recently announced that it was The NFT market would turn off 30. April how the firm appears facing artificial intelligence.

NFT Marketplass is in the amount of $ 1.6 billion in the amount of 14 million transactions so far 2025. years, criptoslam data It shows.

However, the monthly amount of sales had fell every month in 2025. years, and $ 1.6 billion is nowhere near the trail to match with $ 8.9 billion total of 2024 yearsLet alone record $ 23.7 billion seen in 2022. years.

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