Uniswap to Integrate New NFT Marketplace Sudoswap
The popular decentralized crypto exchange Uniswap has announced that it will integrate the new non-fungible token (NFT) marketplace Sudoswap onto its marketplace, enabling users to buy, sell, and trade NFTs efficiently.
Uniswap will provide NFTs with complete Sudoswap compatibility, according to Scott Gray, the head of NFT products at Uniswap Labs, who tweeted the information.
One of the largest decentralized exchanges (DEX) in the world, Uniswap facilitates anonymous cryptocurrency trading. The platform's $6 billion worth of assets are dispersed among Polygon, Ethereum, Arbitrum, Celo, and Optimism liquidity pools.
Users will be able to purchase NFTs on the Uniswap platform while having access to the on-chain liquidity provided by Sudoswap's automatic market maker sudoAMM thanks to the integration. Utilizing liquidity pools, NFTs may be automatically swapped using automated market makers rather than a typical marketplace that involves buyers and sellers.
Sudoswap is a brand-new NFT platform that enables users to create NFT liquidity pools and purchase and sell NFTs in a decentralized manner. Offering cheap fees at just .5%, much less than OpenSea's 2.5 percent rate, is one-way Sudoswap competes with the leading NFT marketplace.