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This Is How Uniswap (UNI) Plans To Conquer NFT Market

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One of the key players in DeFi, Uniswap (UNI), continues to make inroads into the NFT sector. integrating decentralized NFT exchange sudoswap to provide users with efficient NFT swaps.

We will launch NFT on Uniswap with full @sudoswap support. Data is coming from the pool👇 pic.twitter.com/nsRt9Cp1Ss

— Scott 🦄 (@Scott_eth) July 22, 2022

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The final NFT trading solution on Uniswap should be available by autumn, but work is already underway, as seen in the post above from Uniswap’s head of NFT projects.

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This move is a logical continuation of the June purchase of the Genie NFT market aggregation platform. While this deal gave Uniswap users access to NFTs from multiple marketplaces in one place, the sudoswap integration will allow users to buy or sell NFTs in a decentralized way directly from Uniswap, as well as create their own NFT liquidity pools. In addition, the platform is optimized for gas and charges a fee of just 0.5%, which is five times lower than the main competitor OpenSea.

Uniswap continues to expand in the crypto space

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The integration of sudoswap largely reflects Uniswap’s ambitions. First, the largest DEX based on Ethereum took half of the trading turnover from Coinbase, and now it has seriously decided to capture the part of the market where such well-known NFT marketplaces as OpenSea and LooksRare rule.

The Uniswap team itself also speaks positively about the most hyped and arguably the most catchy segment of the crypto market, describing NFT tokens as a full-fledged form of value in a thriving digital economy.





Credit : u.today

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