How Potato Cat transforms NFT trading with innovative swap engine: Interview
The post How Potato Cat transforms NFT trading with innovative swap engine: Interview appeared on BitcoinEthereumNews.com.
In the ever-evolving world of NFTs, the Solana blockchain has become a hotspot for innovation, attracting developers and traders alike with its fast and low-cost transactions. One of the standout projects making waves in this space is Potato Cat, a novel platform designed to revolutionize how users trade and manage their NFT portfolios. In this exclusive Q&A, we sit down with John Ennis, the creator of Potato Cat, to explore the inspiration behind the platform, the cutting-edge technology driving its proposal engine, and its ambitious plans to transform the NFT trading landscape. From addressing the challenges of bid/ask spreads to introducing unique features like trait-based distinctions and reward incentives, Ennis shares how Potato Cat aims to create a seamless and efficient marketplace for NFT swaps. Whether you’re a seasoned trader or a curious newcomer, Potato Cat promises to offer innovative solutions that could reshape your NFT experience on Solana. What inspired you to create Potato Cat, and how does it address the current challenges in NFT trading on Solana? Most NFT traders and collectors don’t appreciate just how much money they lose when crossing the bid/ask spread when trading NFTs. With Potato Cat, we help our users avoid this spread crossing to realize significant savings by helping to matchmake users with complementary interests. Right now, people trying to avoid the spread do so through traditional OTC swaps, however finding people with whom to trade is time consuming and still requires negotiating a deal that is acceptable to both sides. At Potato Cat, we remove this friction to create a “marketplace of swaps.” Can you explain the technology behind Potato Cat’s proposal engine and how it determines fair deals for NFT swaps? Our proposal engine analyzes the onchain orderbooks of existing NFT marketplaces to determine a fair deal for both sides,…
Filed under: News - @ September 3, 2024 3:23 pm