Magic Eden, a leading NFT marketplace, announced the acquisition of Slingshot on **[Insert Date of Article]**. This acquisition aims to integrate Slingshot's technology to offer more fiat-to-crypto options and AI-assisted trading tools. Magic Eden plans to bolster its platform with fiat onramps through platforms like Apple Pay and Venmo. According to a post on X by CEO Jack Lu, Magic Eden generated $75 million in NFT marketplace revenue in 2024.
Magic Eden Acquires Slingshot to Enhance Fiat-to-Crypto Options and AI Trading
Edited by: Yuliya Shumai
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