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Crypto marketplace Magic Eden's Season 2 campaign launched on Thursday to reward users for engaging with its platform.

Magic Eden is setting its sights on becoming a comprehensive platform. The platform aims to support all types of digital assets.

Magic Eden, already a key player in the NFT universe, has announced the acquisition of Slingshot Finance, a well-known mobile trading application specializing in cross-chain exchanges. This step highlights Magic Eden's new ambitions in the world of fungible tokens and meme coin, positioning itself as a decentralized alternative to traditional crypto exchanges.

TL;DR Expanding Capabilities: Magic Eden acquires Slingshot to add seamless, fully on-chain trading to its NFT marketplace, moving beyond just NFTs. Simplified Cross-Chain Swaps: The integration aggregates liquidity from multiple DEXs, enabling quick and optimal token swaps across networks like Ethereum, Polygon, and more.

Magic Eden has announced its acquisition of Slingshot, an app designed to facilitate trading across multiple blockchains using a single, universal account balance. This acquisition aims to simplify the onchain trading experience, which currently requires users to navigate multiple wallets, manage gas fees, and find trusted bridges before purchasing tokens.

Magic Eden buys Slingshot trading app to expand beyond NFTs and challenge centralized exchanges with seamless cross-chain trading.

Magic Eden, the leading NFT marketplace, made a big shot on Wednesday by acquiring the decentralised trading app, Slingshot. The acquisition is aimed at moving Magic Eden beyond just NFTs and establish it as a major player in cross-chain trading too.

Magic Eden wants to broaden its offering beyond NFTs and streamline crypto trading across multiple blockchains.

Solana non-fungible token (NFT) marketplace Magic Eden has acquired crypto trading app Slingshot as part of a strategy to expand beyond NFTs as other marketplaces fold amid a prolonged market downturn.The move expands Magic Eden's support to more than 8 million tokens across almost every major blockchain, the firm said in an April 9 X post. “No bridges.

Magic Eden has acquired Slingshot, a cross-chain crypto trading app that allows users to swap any token on any chain using a single USDC balance. According to an Apr.

Magic Eden is acquiring crypto trading app Slingshot to expand beyond NFTs and challenge centralized exchanges (CEX) with a fully on-chain trading experience, according to an April 9 press release. The acquisition marks a shift for Magic Eden, which built its name as a leading digital asset and NFT marketplace.

Binance plans to launch the reward-bearing margin asset LDUSDT for its futures platform and the former Ethereum developer Virgil Griffith gets out of prison on parole.

The Slingshot acquisition will enable Magic Eden to move away from being an NFT and digital asset platform and become an "all-encompassing trading platform," it says. The post Magic Eden Acquires Slingshot, Steps Away From NFT Focus appeared first on Cryptonews.

NFT marketplace Magic Eden is acquiring trading app Slingshot.

Major NFT marketplace Magic Eden is acquiring mobile trading app Slingshot Finance in an embrace of fungible token trading.

The move signals Magic Eden's push beyond NFTs and into broader token trading — aiming to compete directly with centralized exchanges.

Magic Eden has unveiled a new quest enabling participants to qualify for the upcoming $PAWS airdrop.

Magic Eden saw an explosive but short-lived surge in Ordinals trading, with daily volume averaging nearly $50 million driven by the Idiots NFT mint.

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The Magic Eden (ME) token, an NFT-focused cryptocurrency, faced significant challenges following its launch, particularly after a large airdrop. The initial price drop was largely attributed to market volatility, but the recent surge in its value has taken ME to $4 with a market cap of $511 Million.

Magic Eden's native token, ME, is coming out of a massive slump, as the ME price plummeted heavily after the token launch. Although the drop was understandable under the influence of volatility, it was unexpected for many.

H3at Studios has helped the Magic Eden NFT marketplace to garner more than 100 million views across the digital realm. The Dubai-based content-creator firm has partnered with dozens of web3 startups to amplify their digital presence with quality 3D videos.