WTF is Sudoswap? (#cryptoeducation)

If you not living under the rock I am pretty sure you have seen in the last few days either on Discord, Reddit or LinkedIn people talking about -?Sudoswap. But WTF is Sudoswap?

Let me explain.

What is Sudoswap?

Simply it's the new #NFT marketplace being called the "#Uniswap of NFTs".?

So what makes this one different from #OpenSea or any other NFT #marketplace??

#Sudoswap solves problems of existing NFT marketplaces like illiquidity, centralisation and manual listing updated by letting anyone become their?own?marketplace.

On Sudoswap:

• NFT trading is done through #liquiditypools.?Meaning you can immediately liquidate your NFT by selling it to one of the liquidity pools. No more waiting around for a buyer to take that jpeg of your hands
• Everything is completely on-chain.?All data & transactions are available on the #blockchain
• Users can make their own liquidity pools and set their own rules.?You can set different criteria like making it so every time there’s a sale in the collection, your other listings go up in price too
• On top of it, fees on Sudoswap are much lower vs. OpenSea.?They only take 0.5% from each transaction and they don't pay out any creator fees

Sudoswap still has a long way to go to catch up to Opensea, but it's an interesting concept. It provides instant liquidity if you need it and gives a lot more flexibility when it comes to trading NFTs. Something we'll be keeping our eyes on for sure.

Ok that is it for today. If you managed to get to this point, first of all, congratulations! secondly please let me know in the comment section if you have used Sudoswap and what was your experience?

My aim is to have these articles short and sweet so I am deep diving into the topics I write about BUT I am always happy to connect and discuss them in more depth.

So if you want to know more feel free to use the comment section below or just DM me if you shy.