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Magic Eden, a leading NFT marketplace, has acquired Slingshot Finance to expand into fungible token and meme coin trading. The move signals a strategic shift toward becoming a full-scale crypto trading platform.
- Magic Eden acquires Slingshot Finance to diversify beyond NFTs into token and meme coin trading.
- Slingshot’s cross-chain infrastructure supports 10+ blockchains and 5M+ tokens with fiat on-ramps.
- The deal strengthens Magic Eden’s position against rivals like Tensor and expands into Runes and niche chains.
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