Popular crypto exchange Uniswap has announced the integration of a new NFT marketplace called Sudoswap, which will enable people to trade in NFTs. Uniswap is one of the biggest decentralised exchanges (DEX).
Uniswap enables users to trade cryptocurrencies without authorisation. It consists of $6 billion worth of assets in its liquidity pools spanning Ethereum, Polygon, Arbitrum, Optimism, and Celo. Scott Lewis, Head of NFT products at Uniswap said on Twitter that the company will offer NFTs with complete Sudoswap compatibility.
Meanwhile, Sudoswap is an NFT platform that allows users to purchase and sell NFTs in a decentralised way without authorisation, enabling them to construct their NFT liquidity pools. Sudoswap optimises for gas and charges just 0.5 percent fees.
This development comes as the crypto market crashed amid a massive sell-off by investors and heightened inflation fears and a pausing of withdrawal by crypto lending service Celsius and Vauld.
