We are excited to announce the first P2P NFT swap on the SecretNetwork!
ActiList is building a P2P trading function built into the ActList platform. You will be able to trade NFTs in a trustless manner using the ActiSwap!
Many NFT traders have experienced a time when they want to purchase an item, but the only way to get it is through a peer-to-peer transaction. Maybe it is a game item, or a new project not listed on the market.
The issue is the risk of bad actors
People want the item but have no safe way to obtain it.
Until now, the only way to trade is by trusting a person to be honest, even when using a third party as an escrow, and that is risky.
The solution is ActiSwap
ActiSwap is eliminating that risk and replacing it with a trustless smart contract.
When entering a trade, you will be able to set the parameters of the trade
IE X #NFT for Y #NFT(s) or X #NFT for Y token(s) before sending the items to the smart contract. (NFT to token swap is a feature that will be added as part of the roadmap.)
Once the trade is initiated, you send your items as detailed in the contract, and once the other party sends their items, the contract will execute the trade and send each party their items.
A safe and trustless place to trade for everyone
This will allow trading one item for another directly, without listing on the marketplace, as well as items for tokens, which empowers trustless transactions between individuals. The peer-to-peer swap will allow for private swaps as well as the ability to make offers on publicly listed items.
We believe the ability to freely trade among peers without fear of bad actors taking advantage of users is important for the space to thrive. And we think that you will enjoy your experiences more when you can trade your items at will.
GameFi gets better when you can trade items with players
Consider the ability to trade items in the greatest GameFi and metaverse projects, you could even trade an in-game item for one in a separate metaverse entirely.
How often have you played a game to a maximum level, then just stopped using the game afterward? When you move on to the next game, all of those items sit on the account with no value even though you spent a large amount of time and perhaps even money to get them.
With ActiSwap you will be able to trade these items directly for new items in the game you choose to play next!
We have big plans for the future
This is the first step in creating a very vibrant peer marketplace. But there is more to come, keep watch for upcoming announcements!
Join us in discord for more announcements!
