Magic Eden Acquires Crypto Trading App Slingshot

April 9, 2025

NFT marketplace Magic Eden has acquired Slingshot, a mobile-first crypto trading platform that supports cross-chain trading. Terms were not disclosed; Slingshot received a mix of equity and Magic Eden's token $ME, and will operate independently with CEO Clinton Bembry reporting into Magic Eden's product leadership as the company expands beyond NFTs into broader crypto trading services.

Buyers
Magic Eden
Targets
Slingshot
Location
California, United States
Transaction Type
Buyout

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