One of crypto’s very first liquidity aggregators is entering the NFT space. 

0x Protocol’s v4 release will soon let any project using the protocol’s smart contracts to offer swaps between non-fungible tokens (NFTs). Like traditional token swaps, NFT swaps let enthusiasts trade one digital collectible for another. 

0x is currently available to users of Ethereum, Avalanche, Fantom, Optimism, Polygon, and Binance Smart Chain.  The new swap offering will first be launched on Ethereum and then the community of ZRX token holders, the native token for 0x, will vote on which chain should be launched after that.

Prior to today’s announcement, 0x’s primary focus has been to supply developers with tools they need to spin up decentralized exchanges (DEXs) on top of the Ethereum network.

The co-founder of 0x Labs, the team behind 0x Protocol, Will Warren said, “We believe it’s critical that markets are built on open standards and open-source code. We are fully committed to supporting a vibrant NFT ecosystem that spans multiple blockchains by launching a credibly neutral exchange infrastructure that is both robust and non-extractive.”

0x touts its smart contracts as equipped with built-in advantages such as 54% cheaper gas costs, royalties for creators, free non-custodial listings on any 0x-based NFT marketplaces, and more. This means that developers on any of the compatible blockchain networks can turn to 0x for a toolkit that lets them quickly build their marketplace without having to start from scratch. 

SudoSwap and Trader.xyz, for example, are already using 0x…


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.