Magic Eden is casting a spell to expand beyond NFTs by acquiring Slingshot, a crypto trading app. 🪄
- This move supports over 8 million tokens across major blockchains, aiming to trade all assets without bridges or CEXs.
- Slingshot boasts nearly 1 million users, offering seamless access to tokens on 10 blockchains with a universal USDC balance.
- Magic Eden's CEO, Jack Lu, hopes this integration will lure users from centralized exchanges to onchain platforms.
- Despite NFT marketplaces closing shop, Magic Eden's expansion hints at a magical market revival.