Magic Eden is setting its sights on becoming a comprehensive platform. The platform aims to support all types of digital assets.

Magic Eden, already a key player in the NFT universe, has announced the acquisition of Slingshot Finance, a well-known mobile trading application specializing in cross-chain exchanges. This step highlights Magic Eden's new ambitions in the world of fungible tokens and meme coin, positioning itself as a decentralized alternative to traditional crypto exchanges.

TL;DR Expanding Capabilities: Magic Eden acquires Slingshot to add seamless, fully on-chain trading to its NFT marketplace, moving beyond just NFTs. Simplified Cross-Chain Swaps: The integration aggregates liquidity from multiple DEXs, enabling quick and optimal token swaps across networks like Ethereum, Polygon, and more.

Magic Eden has announced its acquisition of Slingshot, an app designed to facilitate trading across multiple blockchains using a single, universal account balance. This acquisition aims to simplify the onchain trading experience, which currently requires users to navigate multiple wallets, manage gas fees, and find trusted bridges before purchasing tokens.

Magic Eden buys Slingshot trading app to expand beyond NFTs and challenge centralized exchanges with seamless cross-chain trading.

Magic Eden, the leading NFT marketplace, made a big shot on Wednesday by acquiring the decentralised trading app, Slingshot. The acquisition is aimed at moving Magic Eden beyond just NFTs and establish it as a major player in cross-chain trading too.

Magic Eden wants to broaden its offering beyond NFTs and streamline crypto trading across multiple blockchains.

Solana non-fungible token (NFT) marketplace Magic Eden has acquired crypto trading app Slingshot as part of a strategy to expand beyond NFTs as other marketplaces fold amid a prolonged market downturn.The move expands Magic Eden's support to more than 8 million tokens across almost every major blockchain, the firm said in an April 9 X post. “No bridges.

Magic Eden has acquired Slingshot, a cross-chain crypto trading app that allows users to swap any token on any chain using a single USDC balance. According to an Apr.

Magic Eden is acquiring crypto trading app Slingshot to expand beyond NFTs and challenge centralized exchanges (CEX) with a fully on-chain trading experience, according to an April 9 press release. The acquisition marks a shift for Magic Eden, which built its name as a leading digital asset and NFT marketplace.

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The Slingshot acquisition will enable Magic Eden to move away from being an NFT and digital asset platform and become an "all-encompassing trading platform," it says. The post Magic Eden Acquires Slingshot, Steps Away From NFT Focus appeared first on Cryptonews.

NFT marketplace Magic Eden is acquiring trading app Slingshot.

Major NFT marketplace Magic Eden is acquiring mobile trading app Slingshot Finance in an embrace of fungible token trading.

The move signals Magic Eden's push beyond NFTs and into broader token trading — aiming to compete directly with centralized exchanges.

Magic Eden has unveiled a new quest enabling participants to qualify for the upcoming $PAWS airdrop.

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The Magic Eden (ME) token, an NFT-focused cryptocurrency, faced significant challenges following its launch, particularly after a large airdrop. The initial price drop was largely attributed to market volatility, but the recent surge in its value has taken ME to $4 with a market cap of $511 Million.

Magic Eden's native token, ME, is coming out of a massive slump, as the ME price plummeted heavily after the token launch. Although the drop was understandable under the influence of volatility, it was unexpected for many.

H3at Studios has helped the Magic Eden NFT marketplace to garner more than 100 million views across the digital realm. The Dubai-based content-creator firm has partnered with dozens of web3 startups to amplify their digital presence with quality 3D videos.

Curious about Magic Eden staking? It's not just about locking your tokens and waiting for rewards.

In this article, we do a recap of all the latest news in the crypto airdrop sector.

Magic Eden (ME) price has struggled following its airdrop, with 75% of the 125 millions tokens already claimed. Most of the activity occurred in the first hour, with over 60 million tokens claimed, while the remaining 25% is expected to be claimed gradually without major price disruptions.

This means that users can now use BSC to buy and sell NFTs. They can do so on Magic Eden's Launchpad, Mint Terminal, and Marketplace.

Magic Eden has earned its name in the Non-Fungible Token industry, where it allows users to create, buy, and sell NFTs on the platform itself. It is mainly regarded as ME and has launched its native token with the same name, creating significant hype among investors.

Magic Eden, a leading NFT marketplace, launched its highly anticipated ME token on Dec. 10, 2024, with an airdrop value exceeding $700 million.

ME, the token launched by Magic Eden, a leading NFT marketplace, has seen its volume plunge significantly. This crash could be linked to declining interaction with the token since its airdrop some days back.

The popular non-fungible token (NFT) marketplace Magic Eden has seen the ME Foundation recently launch its ME token via an airdrop to the platform's users. One airdrop farmer, according to blockchain data, managed to make over $2 million through it via 1,350 wallets.

The price of ME, the token that powers the Magic Eden NFT marketplace, has declined 54% over the past 24 hours. This drop comes after the completion of its highly criticized 125 million token airdrop conducted on December 10.

Magic Eden's ME token launches on major exchanges, but security concerns arise over AirDrop methods.

Today, December 11, BeInCrypto observed that the crypto continues to be in a choppy state, with several tokens trading sideways. While some have registered notable upticks, only a few out of the top trending altcoins are in this category.

TL;DR Magic Eden's native token, ME, launched through an airdrop, initially surged to $17 but faced a 67% drop due to technical glitches and user frustrations. Users encountered numerous issues with the Magic Eden app, leading to a rapid decline in the token's value, with its market capitalization falling from $1.

Following its airdrop, Magic Eden's native ME token experienced a volatile debut facing a pump and dump from the highs of $13.10 to the lows of $4.30.

The ME token airdrop from Magic Eden NFT marketplace, valued at approximately $700 million, created extreme excitement in the crypto industry yesterday. Minutes before the launch, ME saw its price spiking from $6.04 to a peak of $8.9. Some earned massive profits from the launch. But for many, it was simply disappointing.

Magic Eden's much-anticipated token launch was met with significant challenges. Users reported a series of issues, including a buggy mobile app and a convoluted claiming process.

Magic Eden, one of the largest non-fungible token marketplaces, saw its newborn airdropped coin become a flop right after its launch on Tuesday, Dec. 10. According to a blog post, the NFT marketplace, launched in September 2021, allocated 12.

The highly anticipated ME token airdrop from Magic Eden NFT marketplace made waves in the cryptocurrency community on December 10, 2024.

The price of Magic Eden's freshly airdropped ME token dipped as low as 67% from its post-launch high amid a flurry of complaints from users.

To claim aidrops, users had to download Magic Eden's wallet, a highly atypical process that industry insiders said threatened to breach security best practices.

Some ME claimants faced issues early on due to demand, but the token launch still substantially rewarded Magic Eden NFT marketplace users.

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Users can claim ME tokens by linking their cross-chain wallet to the ME Foundation website and completing the claim process on the Magic Eden mobile app.

The world's largest cryptocurrency exchange is adding Magic Eden (ME) to its platform. Starting on December 10th, 2024, at 3:00 PM UTC, users can trade ME with four different pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.

Following the airdrop, Magic Eden's ME token is set to make waves in the market, listing on leading exchanges like Binance, Upbit, and Bithumb.

Magic Eden lists $ME tokens in its ongoing presale. Magic Eden NFT platform allows users to buy Solana NFT with ME tokens.