Source: https://decrypt.co/314151/magic-eden-crypto-trading-slingshot-acquisition

In a significant move in the world of cryptocurrency and non-fungible tokens (NFTs), the popular NFT marketplace Magic Eden has announced its acquisition of the mobile trading app Slingshot Finance. This acquisition marks a strategic shift for Magic Eden towards embracing fungible token trading, expanding its offerings beyond the realm of NFTs.

Magic Eden has established itself as a prominent platform for buying, selling, and trading NFTs, which are unique digital assets stored on the blockchain. NFTs have gained immense popularity in recent years, with digital artwork, collectibles, and even virtual real estate being tokenized and sold for significant sums. However, the acquisition of Slingshot Finance signals Magic Eden's interest in diversifying its services to