One of the important representatives of the DeFi world Uniswap (UNI), announced that it has integrated Sudoswap, a decentralized NFT exchange, into its platform to provide users with efficient NFT trading services.
Platform’s New NFT Solution Will Be Released in Autumn
Such a move actually came as no surprise after the company bought NFT market aggregation platform Genie in June. With the agreement, UniSwap offered its users access to NFTs across multiple trading platforms.
We’ll be launching NFTs on Uniswap with full @sudoswap support. Pool data flowing in👇 pic.twitter.com/nsRt9Cp1Ss
— Scott 🦄 (@Scott_eth) July 22, 2022
The final NFT trading solution at Uniswap is expected to be available by autumn, work on the project is already underway as can be seen in the above post from Uniswap’s head of NFT projects.
In addition, with the Sudoswap integration, users will be able to decentralize and trade their NFTs directly on Uniswap and create their own NFT liquidity pools. In addition, the platform is optimized for transaction fees and only charges 0.5% commission, which is five times lower than its main competitor OpenSea.
Uniswap Advances in the Cryptocurrency Industry
The Sudoswap integration largely reflects Uniswap’s goals. Ethereum The platform, the largest based DEX-based DEX initially snatched half of its trading turnover from Coinbase, and now appears to have seriously decided to take over the portion of the market dominated by well-known NFT markets such as OpenSea and LooksRare.
The Uniswap team itself also speaks positively of the most popular and possibly the most memorable part of the crypto market, describing NFT tokens as a true form of value in the growing digital economy.
*Not investment advice.