Uniswap Will Integrate Sudoswap To Access Deeper NFT Liquidity
Uniswap is diving deep down the NFT rabbithole. The automated market maker is integrating decentralized NFT marketplace Sudoswap to allow for efficient NFT swaps when it launches its NFT platform. The news was shared by Scott Gray, head of NFT product at Uniswap Labs.
Sudoswap’s automated market maker sudoAMM was released on July 8. Automated market makers allow digital assets to be traded automatically using liquidity pools rather than a traditional marketplace that needs to match buyers with sellers. With Uniswap’s integration of sudoAMM, Uniswap is doubling down on NFTs. Last month, it acquired NFT aggregator Genie. Sudoswap also plans to support ERC-1155 tokens, ERC-20 token routing, and more novel bonding curves and AMM management infrastructure in the future.
Source
https://t.me/Metaverse_Nfts_Web3
