sudoswap NFT Automated Market Maker

Automated Market Makers for NFTs are the hottest new thing

Automated Market Makers for NFTs are the hottest new thing

@sudoswap is the first ever NFT AMM

Uniswap v3, but for NFTs, they say

If you understand the fundamental design, you can see why $SUDO is the talk of the town

Deep Dive Thread 🧵👇

TL;DR:

The SudoSwap protocol enables anyone to create and trade with an independent AMM pool for any #NFT

Traders will be able to:

• Swap NFTs for $ETH

• Swap $ETH for NFTs

Liquidity providers will be able to:

• Deposit $ETH and receive NFTs as traders swap with your pool

• Deposit NFTs and receive $ETH as traders swap with your pool

• Deposit both $ETH and NFTs and receive trading fees as traders swap with your pool

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NFTs and #DeFi are both sub-sectors of the #Crypto industry

Both sectors share a common objective: To eliminate middlemen and create a business model that is much more decentralized

But because both sectors are still in their infancy, they also have their own problems