What is Sudoswap? How does Sudoswap AMM work?
In this Wealth Mastery Coin Review, we’ll discuss the following topics about Sudoswap:
- What is Sudoswap?
- Is Sudoswap better than Opensea?
- How to get Sudoswap coins?
- How to use Sudoswap AMM?
- Is Sudoswap a good investment?
What is Sudoswap?
Sudoswap is the next step in the natural evolution of NFTs. Created in 2021 and discussed in your Airdrop inbox section last December. Sudoswap began its journey as a way for Ethereum NFT owners to swap NFTs without needing a middleman to facilitate the transfer. With products like Opensea, users are required to pay high fees when buying and selling NFTs. This includes royalties and other baked-in fees, something that Sudoswap has limited use of on their protocol. Sudoswap started as a simple way for two parties to swap equally priced NFTs or NFTs for ETH. But, with the recent deployment of a Sudoswap Automated Market Maker (AMM). It's causing a lot of commotion in the NFT community for a good reason. As a surge of new users begins using Sudoswap for the first time, it’s time to dive deeper into the project.
First off, Sudoswap affects NFT royalties in a big way. If you're not familiar with how royalties work, when someone creates new NFTs on marketplaces such as Opensea, Looksrare, Raribles, and other similar NFT marketplaces, the creator can set the value of royalties they would like to receive every time one of their creations is traded. Without going too far into the politics of royalties, depending on what side of the argument you lean towards generally dictates your opinion of the matter.
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