We are excited to partner with Hyperspace, Solana's leading NFT marketplace, to integrate MegaSwap, an intelligent cross-network service for web3. The MegaSwap integration will provide faster adoption and easier access to cross-chain liquidity for Ethereum and Solana NFT users.
This collaboration gives traders and creators in Hyperspace an unprecedented ability to instantly exchange assets between Ethereum, Solana and many other blockchains coming soon.
Focusing on increasing liquidity across multiple ecosystems, Hyperspace has established itself as the best NFT platform on Solana, bringing together 17 different markets. As a new liquidity platform, MegaSwap provides Solana NFT creators on Hyperspace with an additional avenue for revenue and exposure. For users, this means an easy registration to Solana NFT, exchanging their Ethereum without having to log in or deal with wrapped tokens.
In addition, MegaSwap offers a secure alternative to the traditional centralized exchange model. Instead of users storing their coins on an exchange, users can put them in their own wallets and transact on MegaSwap, avoiding the risk of a crash as we saw with FTX, BlockFi, Celsius, or Voyager. With MegaSwap, you will never have to provide any sensitive personal information.
Hyperspace is the first program to take advantage of the MegaSwap affiliate program without permission. Web3 applications such as Hyperspace that embed MegaSwap into their interface will benefit from an innovative new revenue-sharing program. With a single line of code, apps can earn a percentage of all cross-chain exchanges and attract new users to their growing ecosystems.
DeSo founder, Nader Al-Naji, explains, “MegaSwap will soon make web3 applications in any ecosystem chain-agnostic with a single line of code, paving the way for interoperability and composition between different crypto applications. By installing MegaSwap, teams can easily attract new users and instantly provide liquidity to their applications, solving a major problem for every blockchain developer today. Soon, users will have unprecedented access to funds from any ecosystem without having to give up custody of their coins.”
Although Hyperspace is MegaSwap's first official partnership, it won't be the last – several other teams have already agreed to integrate MegaSwap into their programs. DeSo aims to create a social layer for web3 and will look to add support for other blockchains such as NEAR, Cardano, Dogecoin, and more!
The launch of MegaSwap is another example of DeSo's recent success. They recently launched a revolutionary fundraising platform called Openfund, which allows entrepreneurs to launch coin-backed fundraising rounds through the world's fastest order book exchange.
By combining Openfund and MegaSwap, founders and builders can easily fund projects, attract new users and expand their reach with a comprehensive set of powerful tools in the DeSo ecosystem.
DeSo is a new tier 1 blockchain built from the ground up to decentralize social media and scale storage-intensive applications to billions of users. It raised $200 million in backing from Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chips.
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The post-Ethereum owners can now buy Solana NFTs on Hyperspace thanks to DeSo-based MegaSwap, which appeared first on CryptoPotato.