UGS Labs and HadeSwap Partnership Boosts Adoption and Liquidity in NFT Market
In a move that promises to shake up the world of non-fungible tokens (NFTs), Core and HadeSwap have announced a new integration that will allow users to instantly sell the NFTs they purchased using Core into HadeSwap’s automated market maker (AMM) pools.
The announcement was made by UGS Labs, the team behind the project, and was quickly picked up by AZCoin News. According to the report, the integration represents Solana’s first automated liquidity provider for NFTs, a major milestone in the fast-growing world of blockchain-based collectibles.
We have integrated @hadeswap with Core.
Users can now instantly sell the NFTs they purchased using Core into HadeSwap’s AMM pools. pic.twitter.com/VPu5vRNi4v
— Underground Society 🐇 (@UGS_Labs) April 3, 2023
For those unfamiliar with the world of NFTs, they are unique digital assets that are stored on a blockchain and are used to represent ownership of a variety of things, such as artwork, music, and even tweets. They have surged in popularity in recent years, with some NFTs selling for millions of dollars.
The integration of Core and HadeSwap is significant because it will make it easier for NFT holders to monetize their assets. By selling their NFTs into HadeSwap’s AMM pools, users will be able to convert their digital collectibles into other cryptocurrencies, or even cash, with greater speed and efficiency.
UGS Labs, the team behind the integration, said in a statement that they believe the move will help to expand the use cases for NFTs and increase liquidity in the market.
“We’re thrilled to announce the integration of Core and HadeSwap,” said the UGS Labs team. “By bringing together two powerful platforms, we’re creating a more seamless and efficient way for NFT holders to monetize their assets. We believe this will help to drive greater adoption of NFTs and unlock new possibilities for the market.”
The news has been met with excitement from the blockchain and crypto communities, with many commentators hailing it as a major step forward for NFTs.
“Any integration that increases liquidity in the NFT market is a good thing,” said one crypto analyst. “It’s exciting to see companies like Core and HadeSwap working together to make NFTs more accessible and usable for everyone.”
As the world of blockchain-based collectibles continues to evolve and expand, it’s clear that integrations like this will play an important role in shaping the future of the industry. For NFT holders, the ability to easily sell their assets into AMM pools represents a major breakthrough, and could help to unlock new value in the burgeoning world of digital collectibles.
Read more:
- You Can Now Invest In Real Estate In The Form Of NFTs On The Solana Today
- Solana’s Founder Responds To Criticism, Defends Network’s Design For Security And Speed
- UGS Labs Announces The Opening Of Solana’s First Automated Liquidity Provider For NFTs