Uniswap To Provide “Complete Support For Sudoswap”

Uniswap is in the process of integrating Sudoswap, a decentralised NFT exchange, confirming that the largest crypto DEX’s NFT ambitions are proceeding as planned.

Similarities exist between centralised and decentralised NFT markets

Uniswap’s NFT ambitions are taking shape.

Scott Lewis, the head of NFT products at Uniswap, tweeted today that the company will offer NFTs with complete Sudoswap compatibility. A picture linked to the article indicated that the integration of Sudoswap was already in progress, with pool data already streaming in.

Uniswap is the world’s biggest decentralised exchange (DEX); it enables users to trade cryptocurrencies without authorisation. The protocol has more than $6 billion worth of assets in its liquidity pools spanning Ethereum, Polygon, Arbitrum, Optimism, and Celo.

In June, the protocol announced its acquisition of Genie, an NFT market aggregating tool. Instead of hosting NFTs on its platform, Uniswap intends to provide consumers with centralised access to NFTs from numerous markets. The Uniswap team deemed it a no-brainer to extend its product offering to NFTs, describing them as a source of value in the burgeoning digital economy.

Sudoswap is an NFT DEX that enables users to purchase and sell NFTs in a decentralised way by allowing them to construct their NFT liquidity pools. In addition, the platform optimises for gas and charges just 0.5% fees, which is five times less than OpenSea’s 2.5% fee rate.

Lewis’s statement today shows that Uniswap’s NFT integration plans are well on their way to completion. It also demonstrates that the protocol will not be limited to typical, centralised markets like OpenSea or LooksRare, but include NFT DEXs and other experimental items. The team forecasts that NFT trading will be permitted on the website in the autumn.