Zash: New Models for NFT Marketplaces | CoinMarketCap

2021 saw the rise of NFTs, with marketplaces such as OpenSea and Magic Eden taking the headlines. Whilst the NFT mania of 2021 is on standstill, business model innovation and creator monetisation continues to rapidly iterate. Today, taking just Ethereum, BNB Chain and Solana, we already have over 40 marketplaces competing for market share. This space is just getting started.

On OpenSea, users trade NFTs through an order book model. But, being the first decentralised NFT marketplace, Sudoswap allows users to trade under an automated market maker model. Through a liquidity pool, users can buy in and out of an NFT collection without authorisation required by any centralised entity. Liquidity providers can deposit NFTs and ETH into Sudoswap’s pools and earn fees from trades that take place through these pools.

Sudoswap’s weekly volume peaked at the week of 15 Aug 2022 and took a hit the following week, likely due to theTraders have more options to trade without royalties, which is why, even though the AMM tech stack is interesting, all marketplaces must remain competitive in the market.Hadeswap launched in September and is often dubbed ‘the Sudoswap for Solana. It’s an AMM that similarly utilises a liquidity pool mechanism to trade NFTs, offering 0% platform fees and 0% creator fees.

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zash_api Excellent article by zash_api ! Personally sudoswap is my favorite because of their decentralised NFT marketplace. We are so early in web3 ! A bright future is ahead for the ecosystem

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