OpenSea is testing Solana token trading with a closed beta group, including meme coins like Fartcoin and Dogwifhat, as part of its broader OS2 platform overhaul. The marketplace aims to expand beyond NFTs, positioning itself as a multi-chain trading hub. OpenSea previously struggled to gain traction in Solana NFTs against rivals Magic Eden and Tensor, which dominate the market. The platform is also advocating for regulatory clarity, urging the SEC not to classify NFT marketplaces as broker-dealers. This move aligns with OpenSea’s revitalization plans, including the eventual integration of the SEA token. The SEC’s recent closure of its investigation into OpenSea reflects a shifting regulatory landscape under the Trump administration.
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0 in Finance and 0 in Crypto last weekMagic Eden Expands into Token Trading with Slingshot Buy
Magic Eden, best known as an NFT marketplace, has acquired Slingshot Finance to broaden its offerings into fungible tokens and meme coins across multiple blockchains. The deal positions Magic Eden as a competitor to traditional crypto exchanges by integrating Slingshot’s cross-chain trading infrastructure. Slingshot, which supports over 10 blockchains and 5 million tokens, will enhance Magic Eden’s capabilities with features like fiat on-ramps and a beginner-friendly interface. The acquisition aligns with Magic Eden’s vision of creating a seamless, multi-chain trading hub while competing with rivals like Tensor. Slingshot will retain its branding and further expand into Runes (Bitcoin-based meme coins) and other unsupported chains.
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