Ethereum Holders Can Now Purchase Solana NFTs on Hyperspace Thanks to DeSo-Powered MegaSwap
Hyperspace, the cutting-edge Solana NFT marketplace, has partnered with DeSo-powered MegaSwap, the cross-chain smart service for web3, to provide faster onboarding and easier access to cross-chain liquidity for Ethereum and Solana NFT users. This collaboration gives traders and creators on Hyperspace an unprecedented opportunity to instantly swap assets between Ethereum, Solana, and soon-to-be many other blockchains.
Hyperspace has established itself as a top NFT platform on Solana by aggregating 17 different marketplaces. With a focus on increasing liquidity across multiple ecosystems, it provides Solana NFT creators on Hyperspace with an additional avenue for revenue and reach. For users, it means easily onboarding into Solana NFTs by swapping their Ethereum without having to log in or deal with wrapped tokens.
MegaSwap, on the other hand, offers a safe, secure alternative to the traditional centralized exchange model. Users can put their coins in their self-custody wallets and make trades on MegaSwap, avoiding the risk of meltdowns as seen in FTX, BlockFi, Celsius, or Voyager. With MegaSwap, users never have to provide any sensitive personal information.
The MegaSwap launch is another example in a recent string of successes for DeSo. Recently, they launched a breakthrough fundraising platform called Openfund that enables entrepreneurs to launch tradeable coin-backed fundraising rounds via the world’s fastest order book exchange.
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain, and others. DeSo's founder, Nader Al-Naji, explains that MegaSwap will soon make web3 apps in any ecosystem chain-agnostic with a single line of code, paving the way for interoperability and composability among different crypto applications. By installing MegaSwap, teams can easily onboard new users and drive liquidity to their applications instantly, solving a major pain point for every blockchain developer today. Users will soon have unprecedented access to funds from any ecosystem without having to give up custody of their coins.
While Hyperspace is the first official MegaSwap partnership, it won't be the last – several other teams have already reached out about integrating MegaSwap into their apps. DeSo is committed to creating a social layer for web3 and will look to add support for other blockchains like NEAR, Cardano, Dogecoin, and more!
Understanding NFTs
NFTs or non-fungible tokens have been the talk of the town in recent years. NFTs are digital assets that are unique and cannot be replicated. They are used in gaming, art, and collectibles, and have been recently used in social media as well. In the world of cryptocurrency, NFTs are a unique type of cryptocurrency, unlike traditional cryptocurrencies that are fungible and interchangeable.
NFTs are valuable because they represent something that is unique and cannot be replicated. They are used to verify ownership of digital assets and can be traded on cryptocurrency exchanges. NFTs have gained popularity in recent years, with many celebrities and artists selling their artwork as NFTs. The most expensive NFT sold to date is Beeple's digital artwork, which sold for $69 million.
Understanding DeSo
DeSo is a new type of blockchain that is focused on decentralizing social media and scaling storage-heavy applications to billions of users. It was created by Nader Al-Naji, a former engineer at Coinbase, and has raised $200 Looking forward, MegaSwap is set to continue its mission to connect different blockchains and provide a seamless cross-chain experience for users. With more partnerships and integrations on the horizon, the platform is poised to become a major player in the decentralized finance (DeFi) space.
For those interested in investing in cryptocurrency, there are a multitude of options available. Some popular exchanges to consider include Binance, Coinbase, and Coinmama. These exchanges allow users to buy and sell a variety of cryptocurrencies, including altcoins like Gecko Coin and Neo Crypto.
Another option for investors is to use trading platforms like PrimeXBT and CryptoHopper. These platforms offer advanced trading tools and algorithms to help users make informed trading decisions and maximize profits. It's important to note, however, that trading in cryptocurrency can be highly volatile and risky, so it's important to do your research and invest wisely.
When it comes to tracking cryptocurrency prices and market trends, there are several useful resources available. CoinMarketCap and BitInfoCharts are popular websites that provide real-time data on cryptocurrency prices, market capitalization, trading volume, and more.
For those interested in the latest news and analysis in the cryptocurrency space, websites like CryptoPanic and BeInCrypto are great resources. These sites offer up-to-date news and analysis on market trends, new projects, and regulatory developments in the crypto world.
As the cryptocurrency space continues to evolve and grow, it's important for investors and enthusiasts to stay informed and up-to-date on the latest developments. With innovative platforms like MegaSwap and Hyperspace leading the way in cross-chain interoperability, the future of cryptocurrency is looking brighter than ever.
