Magic Eden Acquires Slingshot to Expand Into Cross-Chain Crypto Trading

The NFT marketplace aims to transform into a comprehensive digital asset hub, integrating Slingshot’s decentralized trading technology and user-friendly features.

• Magic Eden finalized the acquisition of Slingshot, a platform simplifying cross-chain crypto trading, on April 9, 2025.
• This move marks a strategic pivot for Magic Eden from its NFT marketplace roots to becoming a full-scale digital asset platform.
• Slingshot’s technology abstracts the complexities of multi-chain transactions, offering users seamless trading across over 10 blockchains without manual bridging.
• Post-acquisition, Slingshot will operate independently under Magic Eden’s structure, retaining its team and identity while integrating its features into the broader platform.
• Magic Eden plans to introduce fiat on-ramps and AI-driven tools for token discovery, aiming to enhance accessibility and compete with centralized exchanges.

3 Articles

CoinDesk Decrypt Fortune