Core and HadeSwap Poised to Shake Up the NFT World Announce The new integration allows users to instantly sell the NFTs they bought through Core to HadeSwap’s pool of automated market makers (AMMs).
According to the report, the integration represents the first automated liquidity provider for NFTs on Solana, a major milestone in the rapidly growing world of blockchain-based collectibles.
@UGS_Labs and @hadeswap Partnership promotes adoption and mobility #NFT market https://t.co/qIRr79XjUe
— Kyptos (@azcoinnews) April 4, 2023
NFTs are the only digital assets stored on the blockchain and are used to represent ownership of many things, such as artwork, music, and even tweets. The asset class has grown in popularity in recent years, with some NFTs selling for millions of dollars.
The integration of Core and HadeSwap is important because it will make it easier for NFT owners to monetize their assets. By selling NFTs into HadeSwap’s AMM pool, users can 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 the move will help expand NFT use cases and increase market liquidity.
“We are excited to announce the integration of Core and HadeSwap. By bringing together two powerful platforms, we are creating a more seamless and efficient way for NFT holders to monetize their assets. We believe this Will help drive more NFT adoption and open up new possibilities for the market.”
The news sparked excitement in the blockchain and crypto community, with many commentators hailing it as an important step forward for NFTs.
According to one analyst:
“Any integration that increases liquidity in the NFT market is a good thing. It’s great 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 grow and expand, it’s clear that integrations like this play an important role in shaping the future of the industry. For NFT holders, the ease of selling assets into AMM pools represents a major breakthrough, helping to unlock new value in the ever-growing world of digital collectibles.
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Mingying
according to Kyptos
