Uniswap to merge with Sudoswap to expand NFT offerings
Uniswap will integrate its platform with Sudoswap, a decentralised NFT marketplace
Uniswap is expanding into the NFT market. Last month, UniLabs acquired Genie to launch an NFT marketplace
A tweet by the head of NFTs at Uniswap said they’ll be “launching NFTs on Uniswap with full Sudoswap support”
Sudoswap allows users to trade and swap NFTs using liquidity pools — similar to how Uniswap works for cryptocurrencies. This means users can directly swap NFTs and use the liquidity in the pool to complete the trade.
Let’s say you have a Bored Ape but would prefer a Crypto Punk. You can list your Ape for sale and make the conditions of the swap a Punk. This could help to make NFT trading more flexible and would be akin to trading sports cards and other collectables.
In a tweet, Sudoswap outlined how automated market makers improve NFT trading: “Currently, the NFT market relies on centralized order books that are subject to downtime and centralization risk. SudoAMM changes that by being fully on-chain. Anyone can source the same liquidity used by the Sudoswap marketplace in their applications using just Ethereum.”
Sudoswap will support different types of Ethereum tokens, including ERC-20 721, and 1155.
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