Arcswap is the NFT swap Marketplace like OTC assets swap. OTC asset swaps involve an actual asset exchange instead of just cash flows. So, You can trade your NFT for another NFT.
For example, you want to buy Y nft but you have no cash and you have decided to sell the X NFT you have. First you need to sell X NFT, when selling, you need to pay for the creator fee etc. you will pay, then you will be able to get the Y NFT unless another user has bought the Y NFT until the X NFT is sold.
- You have X nft and want to swap it for any nft:
Let’s start with the example above. You have listed the x nft you have and selected the option users can offer any nft for your nft.
- Suppose you accept B person’s offer: The X nft you have goes to the B person, and the Y nft that person B has becomes yours.
- Suppose you accept C person’s offer: The X nft you have goes to the C person, and the Z nft that person C has becomes yours.
- Suppose you accept T person’s offer: The X nft you have goes to the T person, and the XY nft + 0.5 eth that person T has becomes yours.
2. You have X nft and want to swap it for Y nft:
Let’s continue with the example above. You have listed your X nft and want to trade it with Y nft (You can increase this choisen, example: I want to trade with Y nft, Z nft, A nft…).
- A user with Y nft sees this listing and clicks the buy button and Y nft is yours and X nft is the other user’s.
3. You have X nft and you want to swap it for any nft in Y collection:
Let’s continue with the example above.You have listed your X nfts and you want to swap for an nft in collection Y.
- Suppose you accept B person’s offer: The X nft you have is transferred to person B and the nft with id 123 from the Y collection owned by person B is transferred to you.
- Suppose you accept C person’s offer: The X nft you have is transferred to person C and the nft with id 124 from the Y collection owned by person C is transferred to you.
- Suppose you accept T person’s offer: The X nft you have is transferred to person T and the nft with id 125 from the Y collection + 0.5 eth owned by person T is transferred to you.
We told you that you believe Starknet will revolutionize the NFT and gaming ecosystem and as Arcticium, we also said that we want to develop this ecosystem.
- You may want to swap the Nft you have from any collection with a higher rank nft from the same collection.
- In-game item swap: In-game, you may want to swap the asset you have with other assets.
- Change your investment: move your investment to the collection you think will be more valuable in the collection you have.
Arcswap will have more features in the future, we aim to integrate Nfts into Defi.
