The NFT protocol Collection launches an NFT DEX for instant buying and selling of NFTs

ChainCatcher news, according to The Block, the NFT protocol Collection will launch an NFT DEX protocol today on the Ethereum Goerli testnet, allowing users to create liquidity pools for NFTs targeting specific standards. It will be launched on the Ethereum mainnet later in the first quarter of 2023. Users can set price parameters and limit the pools to certain collections, features within collections, or social curation lists, enabling people to buy and sell NFTs faster and more easily.

According to the core contributors of the open-source project, the NFT infrastructure startup Gomu, the protocol uses Merkle proofs to specify and locate specific NFTs by token ID, allowing users to target a single token, user-defined groups, or entire collections. These NFTs can be grouped according to user needs, such as features, rarity, etc.

It is reported that Gomu, headquartered in Singapore, was founded early last year and raised $5 million in seed funding in October from investors including Coinbase Ventures, Defiance Capital, and Saison Capital. (Source link)