Magic Eden Announces Acquisition of Slingshot
Magic Eden announces the acquisition of Slingshot, the first chain abstracted trading app that offers one universal balance. This investment accelerates our vision to provide all assets on all chains to everyone.
Today, on chain trading is hard. Users must select a wallet, ensure they have gas, find a trusted bridge, move funds, and only then are able to buy a token.
Slingshot reimagines the on chain trading experience. Users can access any token on any blockchain with a universal USDC balance. Tokens are available immediately, spot and limit orders are supported all in a non-custodial, transparent trading platform.
“This acquisition is a major step forward in advancing the Magic Eden vision, which is to provide users worldwide with a seamless and safe way to buy and sell crypto and digital assets across all chains,” says Jack Lu, CEO and Co-Founder of Magic Eden. “Pairing Slingshot’s team of product visionaries with Magic Eden’s best-in-class marketing and scaling capabilities accelerates our ability to have an impact on the future of crypto.”
Slingshot’s chain abstraction technology accelerates our vision to make crypto easier for everyone. Users don’t need to worry about managing multiple wallets, bridging, or gas tokens. Together, we will continue to make crypto accessible and compete with centralized exchanges through
- Easier onramps, allowing anyone to quickly move funds on chain via Apple Pay, Venmo, or Credit Card
- Easier token discovery with AI assisted research.
- Easier token trading, expanding universal balances beyond USDC
“We are excited to join forces with Magic Eden to change the way the world trades crypto. Slingshot is pioneering the most comprehensive trading infrastructure in the industry, and alongside Magic Eden, we are raising the bar higher.” shared Clinton Bembry, Co-Founder and CEO of Slingshot. ”As the world leaves centralization in the past, this move allows us to further empower the individual and make crypto more accessible for everyone.”
Hear more about Jack’s thoughts on the acquisition here.
FAQs for Slingshot users here.
See you on Slingshot.
The information provided on this website is provided for general educational purposes only and is in no way financial or investment advice. Certain information may have also been provided to us or prepared by third parties; these materials are provided for convenience and are not an endorsement by Magic Eden. Magic Eden is not liable for any errors, changes or amendments to such information, including any actions taken in reliance on such information.
A Month of Magic: Unlocking Exclusive Perks with Magic Eden Wallet
