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Bitcoin

Magic Eden acquires Crypto Trading App Slingshot to bypass NFTS

Marketplace Magic Eden on Solana Non-Funcible (NFT) Magic Eden captures the Crypto Trading App Slingshot as part of a strategy to expand the NFTS range where other markets were folded amid a long shrinkage in the market for a long time.

This step expanded Magic Eden support for more than 8 million icons across almost all of the main Blockchain, the company He said On April 9.

Magic Eden said: “There are no bridges,” said Magic Eden.

source: Jack Lu

Slingshot has collected nearly a million users so far, allowing users to reach any symbol over 10 of the largest Blockains with a USDC global balance (USDC).

Slingshot is one of the many encryption platforms that aims to provide the entire series of chain-which eliminates the need for users to choose the right wallet, make sure they have enough gas fees, find a reliable bridge and transfer money-only to buy the distinctive code they follow.

CEO of Magic Aden Jack Lu Hope Integration will help to convert more from 500 million users who still rely on central exchanges towards more onchain original platforms.

Nft Marketplaces shutter as the calm of the market

He said if Magic Aden, Slingshot and Magic Eden would continue to work independently, but they indicated that there would be a “increased contact” between the platforms over time.

If also male This Magic Eden achieved $ 75 million of NFT Marketplace in 2024, and it hopes to help the Slingshot acquisition to raise the level of these numbers.

Related to: Bitcoin Nfts, Layer-2 and the noise “is completely gold”

Magic Aden’s expansion comes with the closure of many NFT markets in recent months.

Draftkings, Gamestop, and Crypto Exchange bybit closed all their NFT markets, with the martyrdom by BYBIT with NFT trading folders in its announcement on April 8.

X2Y2 also recently announced that its NFT market will be closed on April 30, as the company is looking to mutate in artificial intelligence.

NFT markets have witnessed $ 1.6 billion in NFT sales via 14 million transactions so far in 2025, Cryptoslam Data He appears.

However, the monthly sales volume decreased every month in 2025, and $ 1.6 billion is not anywhere on the right track to match a total of $ 8.9 billion from 2024, not to mention the record of 23.7 billion dollars in 2022.

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