Author: Damocles
Damocles
Damocles is a self-imposed web3 nomad with a background in journalism and education. Having served as a freelance writer for three years, he decided to focus on one area he loves: the blockchain industry. He enjoys the drama, controversies, and pleasant surprises of this growing arena, pumping him to write more daily. To this day, he still considers himself a newbie who is dead set on honing his skills and being more involved in web3 projects.
Chances are that you’ve heard of non-fungible token (NFT) platforms with automated market makers before. You might be wondering, what makes them different from a typical NFT marketplace. Here’s what you need to know: An NFT AMM is a platform that allows traders to instantly buy or sell their NFTs through liquidity pools. It is a type of marketplace powered by an AMM, a mechanism that automatically sets prices for assets based on supply and demand. AMMs are primarily used by decentralized exchanges (DEXs) such as UniSwap and PancakeSwap to facilitate near-instant token swaps. This algorithm succeeded in boosting the sales…
A few NFT marketplace aggregators, as well as automated market makers (AMM), have been popping up across Solana to help fill the need for liquidity. Coral Cube, in partnership with Magic Eden, rose to provide such services. Coral Cube is a non-fungible token (NFT) marketplace, aggregator, and AMM platform that facilitates instant liquidity for digital assets on the Solana blockchain. Learn about the Solana network. With the platform’s AMM, traders can finally sell their NFTs instantly through liquidity pools (NFT/SOL). This selling method eliminates the need for sellers to wait for somebody to agree on their price just to make…
The Elixir platform is powered by none other than holders of a specific NFT collection: Ovols. Ovols is a non-fungible token (NFT) collection of 10,000 algorithmically-generated 2D owls that serves as a pfp and plays a major role in a larger NFT ecosystem/platform called Elixir, an automated market maker (AMM) and NFT marketplace. Ovols on Magic Eden The team facilitated the project’s minting event last November 17, 2022 on the Solana blockchain, where its platform (Elixir) resides. Click here for a full guide on the Solana blockchain ecosystem. The Ovols collection is tied to Elixir’s various tools, such as its…
Hadeswap is an AMM-powered non-fungible token (NFT) marketplace on the Solana blockchain that offers instant NFT liquidity, 0% platform fees, and 0% royalty fees. NOTE: It will soon implement 0.5% platform fees that will be dedicated entirely to its ABC NFT collection holders. As for the royalty fees, you will soon have the option to pay your favorite collections (optional royalties). How Does Hadeswap Work? Now, you’re probably asking what is with this NFT AMM trend and why many of them are popping up recently. Let’s start with the NFT space’s liquidity issues. NFT marketplaces rely on price agreements between…
Sudoswap is a non-fungible token (NFT) marketplace and automated market maker (AMM), allowing collectors to trade NFTs with better liquidity and create liquidity pools for their digital assets. People use Sudoswap for two primary reasons: as a way to liquidate their NFTs instantly or as a place to launch NFT liquidity pools to earn passive income. A liquidity pool is a smart contract that equips traders with the ability to swap between digital asset pairs instantly, in this case: an NFT and $ETH. What is an AMM? An automated market maker (AMM) is an algorithm-based protocol used by decentralized exchanges…
It is rare for non-fungible (NFT) projects to create breakthrough ‘firsts’ on their respective blockchains, as it takes a lot of guts and technical expertise to test the untested and come out victorious. Fortunately, SpaceBudz had it all, allowing it to launch pioneering achievements in the Cardano blockchain. These achievements allowed the project to carve a special place, not only within the network but also in the entire NFT industry. What is SpaceBudz? SpaceBudz is Cardano’s first algorithmically-generated collection that consists of 10,000 NFTs. The artwork boasts hand-drawn adorable animals in space suits. Note that it is not the first…
Halloween may be long over, but one project remains pumped up in rolling out a spooky-themed collection with promising gaming plans at its back. With eye-candy art, a robust roadmap, an expert team, and key partnerships already in place, this zombie-filled collection may not only rise from the dead but also rise as one of the best projects in the Aptos ecosystem. Let’s take a look at what this upcoming collection has in store for us. What is Aptos Undead? Aptos Undead is a non-fungible (NFT) collection of 4,444 3D zombies on the Aptos blockchain. It will be minted on…
In a time where greed, betrayal, and distrust are swirling over the web3 atmosphere, one upcoming collection attempts to be a fresh breath of air and a source of hope for blockchain believers. Through this project, the team aims to show that sincere generosity will always have a place in the space by willingly giving its royalties to lucky holders, every month, forever. Hopefully, this generosity may turn out contagious and inspire current and future projects to follow this much-needed path to goodness. What is Tigers Aptos Club? Tigers Aptos Club is a free-mint non-fungible token (NFT) collection of 1,111…
The Ape Society (TAS) is a collection of 7,000 algorithmically-generated NFT apes swinging on the Cardano blockchain. TAS diverges from the usual cartoony or full-3D art we usually see in the space, showcasing visuals of photorealistic apes that look like oil paintings. Moreover, it is one of the largest community-based decentralized autonomous organizations (DAO) in Cardano, giving it a prominent influence over the ecosystem. By purchasing one of these apes, holders will have direct access to the project’s DAO, and participate in its decision-making. The Ape Society Moreover, they will become an automatic member of one of Ape Society’s 35…
Can you really experience the metaverse without having to purchase those shiny and ultra-expensive VR headsets? The answer would be a short, sweet Yes. Portals, Solana’s first major open builder metaverse project, aims to democratize the metaverse by lowering the entry barrier and allowing anyone to access its immersive world through a web browser. It’s a literal ‘portal’ to a new experience, teeming with potential, with a rising user base and brands jumping inside its city. If this sounds interesting, come and let’s explore this promising virtual world. What is Portals Metaverse? Portals is a browser-based metaverse where virtual users,…
