Gate NFT Launches NFT Liquidity Pools, Kicks-Off with MAYC and Azuki Fractional NFTs

2022-12-13 16:18

Trading NFTs is a much different experience than trading other classes of cryptocurrency. Traditional NFT marketplaces rely on both buyers and sellers agreeing on often static prices, with a lot of time spent making or sorting through individual offers. This reliance on price agreements between two parties is why NFTs are illiquid relative to other asset classes. Meaning it’s not always easy to trade an NFT at its market value quickly.

However, cryptocurrency exchange Gate.io is changing this dynamic. Gate.io has launched Automated Market Maker (AMM) and liquidity pool functionality on Gate NFT, its NFT marketplace. This allows buyers and sellers to instantly trade NFTs without relying on a price agreement between two parties.

At launch, Gate NFT has opened trading on four liquidity pools featuring Mutant Ape Yacht Club (MAYC) and Azuki fractional NFTs. Currently, the new feature supports USDT for buying and selling NFTs in liquidity pools and creating LP.

Liquidity pools and AMM on Gate NFT

AMMs are the same tech that decentralized exchanges are built on. They allow traders to buy and sell assets using liquidity pool (LP) smart contracts. Liquidity pools consist of two different assets that make up its trading pair, enabling traders to swap one asset in the liquidity pool for another instantly. In addition, anyone can create an LP and earn from transaction fees, provided they have assets to commit to the pool.

Using liquidity pools on Gate NFT, an LP provider can create or participate in a pool that consists of NFTs from a particular collection paired with another cryptocurrency. Traders could then buy or sell within that pool, with the price determined instantly and automatically based on a set of known parameters. Investors could check the market cap of cryptocurrency on the Gate.io exchange before you trading NFTs.

Smoother NFT trading and new earning opportunities

Gate.io has launched this new feature to make trading NFTs a faster and easier experience for all parties involved. Liquidity pools on Gate NFT instantly match market demand with supply, providing the tools to make a notably illiquid market more liquid.

Moreover, NFT collectors can access a new means of income that isn’t just selling their pieces on the market. By contributing to or creating LP with their NFTs, they are rewarded with fees from every buy or sell in the pool. Additionally, NFT creators can bootstrap their NFT collection’s launch by making it easier to trade out the door and earn income beyond just royalty fees.

The post <strong>Gate NFT Launches NFT Liquidity Pools, Kicks-Off with MAYC and Azuki Fractional NFTs</strong> appeared first on CaptainAltcoin.

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Источник: captainaltcoin.com

nft nfts → Результатов: 126


The Future of NFTs: Everything you need to know

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2022-6-6 06:51


Radio Caca’s NFT Marketplace OpenPFP Trades Over $40 Million in NFTs, Enters the Top 5 Ethereum-Based NFT Marketplaces

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2022-5-6 04:21


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ShoeFy Debuts Genesis NFT Minting to Provide DeFi Level Utility for NFTs

ShoeFy, a leading Metaverse fashion, and DeFi platform has announced its Genesis NFT Minting to provide NFTs with DeFi-level utility. ShoeFy has demonstrated incredible innovation in the NFT & Fashion business since its beginning last year, delivering P2E, NFT Staking, NFT Farming, and LP Mining pools for NFTs with $SHOE tokens to NFT holders, Fashionistas, […]

2022-4-1 21:52


What Is Floor Price For NFTs? NFT Metrics Explained

NFTs or Non-Fungible Tokens are specific cryptographic tokens that cannot be replicated. In 2021, we saw a real boom in the NFT market, and interest in them continues in 2022. Many NFT projects such as CryptoPunks and Bored Apes Yacht Club have driven the crypto community crazy and further increased interest in digital art and […] The post What Is Floor Price For NFTs? NFT Metrics Explained appeared first on CaptainAltcoin.

2022-2-24 14:25


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Creativity And Originality Are Still Core Requirements For PFP-Based NFTs

Undoubtedly, NFT unlocks new possibilities, thanks to its capacity to reinforce the ownership and rarity of digital assets. While several use cases are being taunted as the ultimate implementation of NFTs, the profile picture-based (PFP) ones seem to have emerged as the most compelling NFT variants, even as the mainstream audience, including celebrities, continue toRead More

2021-10-18 11:00


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Создатель Litecoin сравнил популярность NFT с манией ICO в 2017 году

Создатель криптовалюты Litecoin Чарли Ли отметил схожесть растущей популярности рынка невзаимозаменяемых токенов (NFT) с бумом ICO 2017 года и увлечением альткоинами 2013 года. I see a lot of parallels between 2021's NFTs with 2017's ICOs and 2013's altcoins: - easy to create new ones with no barriers - simple to understand & explain - brings tons of new people into crypto - high prices & pumps create hype/FOMO - few will hold & have value, most won't — Charlie Lee [LTC⚡] (@SatoshiLite) March 2, 2021 В качестве аргументов Ли провел пять параллелей.

2021-3-4 11:08


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