Slingshot has been successfully acquired by Magic Eden! This trading application enables users to freely trade tokens using a single universal USDC balance. As part of the acquisition, Slingshot’s technology will be fully integrated into Magic Eden to provide users with a wider range of fiat-to-crypto options and AI-assisted trading...
Magic Eden swallowed Slingshot. Are we seeing an NFT trading revolution подгонка кузова? Or is this really another move towards centralized, eh, I mean more convenient control? Jack Lu, CEO of Magic Eden, depicts a National Geographic world filled with seamlessness and safety. As with all things crypto, promises are...
As NFT marketplace Magic Eden heads into 2023, the ambitious startup is making a play. They were behind the recent purchase of Slingshot, one of the premier crypto trading apps. This acquisition is the beginning of a profound change in the digital asset trading landscape. It’s possible it could change...
So is crypto finally ready to cross the chasm? Magic Eden’s acquisition of Slingshot is about more than just a business acquisition. It looks a lot more like a clever strategic slingshot move, right to the bull’s eye of the core of mainstream adoption. The focus isn’t even on NFTs...
Magic Eden, the largest non-fungible token (NFT) marketplace by volume, has acquired Slingshot, it said Thursday. This ambitious move is a strong signal of Bitfinex’s intent to compete head-to-head with centralized exchanges. The acquisition brings in an experience-first approach for users to buy and sell crypto seamlessly across the web3....
Magic Eden is another Solana-based NFT marketplace that made $75 million revenue in 2024. Earlier this month, they purchased Slingshot, a trading app designed to make cryptocurrency exchanges faster and less costly. The acquisition signals Magic Eden's intent to expand its reach beyond Solana and compete with centralized crypto exchanges...
The NFT space, if we’re being honest, has grown a bit stagnant over the past few months. We've seen the headlines: X2Y2 closing its doors, NFT volumes down even during a bull run. It’s reminiscent of those early days of the internet when clunky interfaces and confusing processes were barriers...
Magic Eden’s recent acquisition of Slingshot was a notable move in today’s rapidly evolving NFT marketplace landscape. This acquisition could completely disrupt that current ecosystem by allowing traders to trade seamlessly across chains. Here’s how we think this acquisition might change the NFT landscape.Magic Eden's Bold Move: Acquiring SlingshotAdditionally, Slingshot,...
Okay, Magic Eden bought Slingshot. Big deal, right? Another day, another acquisition in the unregulated speculative land grab that is crypto. Everybody’s yelling about multi-chain utopia, easier cross-chain trading, disintermediating the evil, nasty CEXs (centralized exchanges). Hold your horses for a second. Are we certain this is an advance, or...