Nonetheless, the 12 months undoubtedly did see growth in utility, gaming, and music NFTs, in addition to artistic new purposes for utility NFTs, reminiscent of soulbound tokens, token-gated communities and occasions, and co-ownership mechanisms. As well as, 2022 noticed the launch of Sudoswap, a novel and permissionless NFT alternate for buying and selling NFTs through an AMM design. The royalty-free platform noticed greater than 7,000 transactions in in the future at its peak in August, representing over $3 million. Uniswap additionally just lately launched NFTs on their platform with an aggregator that helps OpenSea, Sudoswap, and X2Y2, amongst others. Total, the 12 months introduced many artistic new takes on how NFTs can be utilized, regardless of the class’s sluggish transaction quantity.
