The SwapMarket dapp is live!
The day has come.
We’re super proud to announce the official launch of the decentralized exchange that redefines the transfer of NFTs — SwapMarket.
SwapMarket is a platform that harnesses the groundbreaking tech to provide the FIRST-EVER atomic swap for non-fungible asset and fungible token batches.
On SwapMarket, a group (or a pair) of traders can
- transfer multiple fungible (ERC-20) tokens
- transfer multiple non-fungible (ERC-721) tokens
- transfer multiple ERC-721 non-compliant non-fungible tokens (e.g., CryptoKitties) and
- create multiple non-fungible tokens (ERC-721 as Xcerts)
all in a single atomic transaction on the blockchain.
Let’s break this down:
1. Multiple FTs/NFTs to multiple FTs/NFTs
What does this gibberish mean? The custom choice of token types, of course. SwapMarket allows you to swap one or more of your non-fungible tokens (NFTs) and fungible tokens (FTs) — simultaneously and all in one atomic swap.
2. Many to many
We bet you own more than just one asset. Exchanging multiple tokens at once not only saves time but is also gas fees friendly. What’s more — a swap on SwapMarket can even be done amongst multiple partakers. Indeed, the collective force is strong with this one.
3. Custom orders
Unique assets make up unique bouquets. On SwapMarket, you can create your own combo of assets to swap and decide on the amount of each. Mix and match your tokens and do the swap on your terms. To each their own, we say.
4. Fully decentralized
SwapMarket is a unique dapp that brings asset swapping to the decentralized max. We let a swap be a matter of trading parties only. No matter the number of participants, they alone decide on their assets’ destiny.
5. Minimal gas fees
Did we mention that you can save a bunch on the nasty thing called gas fees? Yes, we did, but it’s worth mentioning again. The $ you save on gas with SwapMarket can eventually buy you a new NFT! And — the SwapMarket’s swap function is free to use for everyone and charges no additional fees. The more you swap, the more you save.
Does this sorcery really work?
Don’t take our word for it — see it for yourself:
What are you looking at? One of the first transactions successfully completed on SwapMarket:
- The Maker sent 3 NFTs to User 2 + 1 FT to User 3
- The Taker sent 2 NFTs to User 1
- Sum: 5 NFTs and 1 FT swapped between 3 users
- Total gas fees: $0.35
- Status: awesome 🔥
Some would call it magic, we just call it hard work and serious developer skills. And…
It’s built with the 0xcert Framework
SwapMarket is not only a dex that redefines the transfer of NFTs among owners. It’s also the first complete product built with the 0xcert Framework for developing dapps.
It showcases and employs several of the powerful features of the Framework, and the function that defines SwapMarket most is the atomic swap operation. This compelling feature allows for even more versatile purposes (e.g., creating an asset), and you can find more about that in the Framework Documentation.
We did our best to launch a product that embodies the complex code packed neatly within the Framework. Combined with a fresh UI, we hope for SwapMarket to pave the path for many new dapps that will spring from our open-source code.
Ok, so what can I send and receive on SwapMarket?
✅ Have ERC-721 NFTs? Bring them on.
✅ How about ERC-20 tokens? These work, too.
✅ Ok, and CryptoKitties? Yes, please.
Need to check twice? Here is the initial list of the most popular projects providing ERC-721 NFTs and other non-fungible goodies. The ERC-20 fungible tokens work on SwapMarket without exception.
- ETH TOWN
- MLB Crypto Baseball
- Codex Record
- Ether Kingdoms
- Known Origin
- Known Origin v2
- Su Squares
- ENS NIFTY
- Dragonereum Egg
The list is far from being final. SwapMarket supports all the ERC-721 tokens, even though they don’t appear on the list.
Would you like to swap an asset that you can’t find on the above list or on SwapMarket yet? Drop us a line at firstname.lastname@example.org, and we’ll do our best to make it work.
Swap. Or swap not. There is no try.
What’s more to say?
SwapMarket, the decentralized exchange for NFTs powered by the 0xcert Framework is waiting for the next batch of NFTs and ERC-20 tokens to find their way to a new owner.
Click on the bad boys below and swap your digital assets on the best dex around.
Originally published at 0xcert.org.