Magic Eden Acquires Slingshot to Simplify Cross-Chain Crypto Trading
Magic Eden, a leading non-fungible token (NFT) marketplace, has announced its acquisition of Slingshot, an application that aims to revolutionize cryptocurrency trading by offering users a single, universal account balance to trade assets across any blockchain.
The acquisition, announced Thursday, signals Magic Eden’s ambition to become a comprehensive platform for all digital assets, directly competing with centralized exchanges by simplifying the often complex process of cross-chain transactions.
We just acquired @SlingshotCrypto!
8M+ tokens. Every chain (Bitcoin soon). No bridges. No CEXs. This is another major step towards our vision of providing the best platform to trade all assets, on all chains.
Oh, and Emmy likes green.
