Popular crypto exchange Uniswap has announced the integration of a new NFT market called Sudoswap, which will allow people to trade (buy or sell) NFTs. It comes as the crypto market crashed amid a sell-off by investors and rose inflation fears and suspension of withdrawal by crypto lending service Celsius and Vauld.
Scott Lewis, NFT Product Manager at Uniswap, said on Twitter that the company will offer NFTs with full Sudoswap compatibility.
For context, Uniswap is one of the largest decentralized exchanges (DEXs). The platform allows users to trade cryptocurrencies without permission. It consists of $6 billion in assets in its liquidity pools spanning Ethereum, Polygon, Arbitrum, Optimism, and Celo.
Meanwhile, Sudoswap is an NFT platform that allows users to buy and sell NFTs in a decentralized manner without permission, allowing them to build their NFT liquidity pools. Notably, Sudoswap optimizes gas and only charges a 0.5% fee, five times less than OpenSea’s 2.5% rate.
In other news, GameStop has launched its NFT Marketplace to allow gamers, creators, collectors and other community members to buy, sell and trade digital assets. The Company’s marketplace is an Ethereum Layer 2-based non-custodial marketplace that allows parties to truly own their digital assets, which are represented and secured on the blockchain. According to The Verge, there are over 200 collections you can browse and over 53,000 NFTs listed on the market. The Company’s NFT platform will allow customers to buy, sell and trade NFTs of video game items, including clothing, weapons and characteristics of different player avatars.
A crypto wallet is where users can store their digital assets, including crypto coins and NFTs. What makes GameStop’s wallet different from other wallets like MetaMask is that it’s a non-custodial wallet, which means you own your private keys, the crypto equivalent of a password. This wallet is exclusively designed for gamers only.