SushiSwap, a decentralized cryptocurrency exchange platform running on Ethereum, has announced the launch of 'Shoyu,' a new NFT platform that intends to reimagine "creative commerce."
The announcement of 'Shoyu' came in the form of an intriguingTikTok post with a caption reading: "in a desert of NFTs, an oasis is emerging." The post consisted of a short teaser trailer featuring desserts landscapes and an elusive metal sculpture reminiscent of Kubrick's monolith in "2001: A Space Odyssey."
The new platform was proposed by LexV, a former SushiSwap contributor who wanted to build an NFT marketplace with a frontend, caching layer, and infrastructure for art storage, all powered by SushiSwap technology. Shareholders of SUSHI can expect several benefits tied to the announcement of 'Shoyu" including eligibility to receive 2.5% of every NFT trade on the platform.
Image Credit: SushiSwap, Shoyu
What's Driving This Trend
- Decentralized NFT Platforms
- Opportunity for businesses to create decentralized NFT platforms for creative commerce.
- Blockchain-based Art Marketplaces
- Creating blockchain-based art marketplaces can help in reimagining the traditional art market.
- Crypto-powered Creative Commerce
- Businesses can explore opportunities in crypto-powered creative commerce platforms.
Who This Affects Most
- Blockchain Industry
- The blockchain industry can capitalize on the potential of NFTs and decentralized art marketplaces to create disruptive innovations.
- Art Industry
- The art industry can leverage the potential of NFTs and blockchain technology to create new revenue models.
- Cryptocurrency Industry
- The cryptocurrency industry can explore opportunities in the crypto-powered creative commerce space through the development of NFT marketplaces.
