Chill & Shill — Tradeport AMA
I hope everyone is doing fine throughout the current crypto crash. In this post, we’re recapping the recent space we held with the team from Tradeport. Tradeport is an aggregator for NFTs on Stacks and NEAR. Thanks to everyone who joined, and congrats to the giveaway winner!
You can listen to a recording of the space here. During the AMA, we were joined by Joshua and Luis from Tradeport.
Can you tell us more about Tradeport?
Joshua: We’re a multichain NFT marketplace aggregator and also an API infrastructure. We tackle the problem in two different ways. On NEAR, users can use us to trade across marketplaces with all the features one expects. And on the other side, we’re focusing on giving traders the best analytics possible. For example, we’re now providing full PnL in fiat terms. On the infrastructure side, we provide a very robust API infrastructure for marketplaces and wallets, so they can get all the metadata and track the state of all the NFTs on a given chain.
How did you end up working on Tradeport and on NEAR?
Joshua: My co-founder Daniel and I have been in the crypto space for a long time, since college in 2012. I was a web2 entrepreneur, built a few projects, and looked at the web3 space as something that required gigabrains. Until recently, it required me to be a core infrastructure engineer, which was outside our realm. Things changed in the NFT space where real business use cases beyond transactions launched. We started on stacks, a bitcoin smart contract layer, and launched the second NFT in the first generative art project on there. The community there really pushed us forward, so we built a launchpad and then a marketplace. Our view was we’ll live in a multichain world eventually. We were very bullish on NEAR because it addressed many of the problems other chains had. It also had one of the most thriving dev ecosystems, and the community has been super welcoming. We love hanging out in the NEAR discord channels and are very bullish on the tech.
Right now, there aren’t many liquid NFTs on NEAR. And you’re a product for NFT traders; what’s your take on that issue?
Joshua: We’d love to see more liquidity on the chain. We spent a lot of time in the infrastructure space. And how we view NFTs is that they are just a protocol, and we look at it as an amazon box but 100x better. You can stick anything in an NFT, but it has some superpowers. For example, it tells you everywhere it’s ever been. You can also get it in and out of any contract. We see it as a logistics network and eventually aggregate all NFTs across all chains.
When it comes to NEAR, speed matters from a UX perspective. We believe that, eventually, any financial product like derivatives with cash flow will be an NFT. Speed really matters in those use cases, and NEAR got a lot of fundamentals right that are missing on other chains. Our bet is that the tech stack is better, and when NFTs evolve away from being pure art, NEAR is set to win this. And it’s up to the foundation to build out those core partnerships.
Do you see yourself adapting to use cases like ticketing or those attached to real-world assets?
Joshua: We’re agnostic to what an NFt is. Not just at the UI but also at the infrastructure layer. Inside the Tradeport experience, we aggregate all NFTs and marketplaces. So you’ll be able to search and find things. Soon we’ll add further chains and should be on the top 20 chains by end of 2023.
We know that we won’t be able to serve every single use case in the UI, but on an API level, we can index all transactions and build out interpretation and state layers. The beauty of our API is that devs will be able to access all the data they need across chains while focusing on the use case they build for without worrying about getting the data.
Is your vision to be the backbone for everything NFTs on NEAR and other chains?
Joshua: Yes. Right now, dojo finance and meteor wallet both use our APIs. And this way, you can see all the NFTs across all marketplaces.
Any thoughts on enabling users to list NFTs on any chain when you say multi-chain?
Joshua: When we say multi-chain, what we refer to is a middle layer to query data from any chain. Cross-chain would be bridging NFTs from one chain to another. We don’t really focus on that. For developers, it’s painful to build something on multiple chains. We take that burden off them, enabling them to get all the data they need from various chains.
Can you tell us about your plans for the near future?
Joshua: Currently, we just have main feature sets where you get a full view of aggregated NFTs across marketplaces. What we’re focused on now is the portfolio view, which will give traders a better view of their profits and losses in fiat terms and also to help them fill their taxes — which is a huge headache for any NFT traders. We’ve released a beta version. It’s basically a portfolio tracker converting values to USD terms at the time of purchase and sale. We’ll roll out more features soon, such as giving users an aggregator for all their wallets, even across chains. The other focus is adding new chains.
DISCLAIMER: None of the things mentioned during Chill & Shill are financial advice. Please always do your own research and thorough due diligence. Don’t invest what you can’t afford to lose. Trust but verify.