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How to Trade on sudoswap, the NFT Market's Answer to Uniswap – Crypto Briefing

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Learn how to buy and sell NFTs on crypto’s first NFT automated market maker. 
sudoswap is making NFT trading even easier.
Launched in May 2022, sudoswap is crypto’s first NFT automated market maker. The Ethereum-based platform functions similarly to Uniswap, letting users trustlessly trade assets through user-funded liquidity pools. However, instead of trading between two fungible tokens, sudoswap users can trade between NFTs and ETH. 
At first glance, it might be hard to see what advantages sudoswap offers the average user over conventional NFT trading platforms like OpenSea, the world’s biggest NFT marketplace with trading volumes that far surpass all of its competitors. Unlike OpenSea, sudoswap’s pools are completely decentralized and funded by its users. However, this doesn’t mean that trading is free—the creator of the trading pool sets a swap fee of a few per cent paid to them from every successful NFT purchase or sale. 
The fees generated when assets are traded through the platform’s pools return to those providing the NFT and ETH liquidity. This also means that sudoswap bypasses existing royalty fees placed on collections by their creators. Additionally, the lower the swap fees are on a specific pool, the more incentive users have to trade through it. This incentivizes a “race to the bottom” for pool creators to offer the lowest fees, resulting in better prices for end users. 
A final benefit of sudoswap is that it lets NFT owners sell their assets instantly without having to wait for a buyer, in turn improving liquidity and efficiency in the NFT market.  
However, arguably the most innovative part of sudoswap is how it manages the value of the NFTs traded through its pools. The platform uses bonding curves to automatically increase and decrease the bid and ask on each collection depending on how many NFTs are bought or sold. For example, when a user sells an NFT into a pool, increasing the supply, the buy price slightly declines. Depending on the delta value selected by the pool’s creator, the more NFTs sold, the lower the price per NFT becomes until market forces find its fair value. On the other hand, buying an NFT from a pool incrementally increases the cost of subsequent purchases, keeping the asset’s price in line with demand. 
Over the past few weeks, the amount of users interacting with sudoswap has exploded. According to Dune data compiled by 0xRob, the protocol had an average of 36 users a day in July. One month later, sudoswap has registered almost 2,000 daily users and a total trading volume of over $18 million. 
Trading NFTs on sudoswap is no more difficult than interacting with other automated trading platforms. As with interacting with any blockchain protocol, make sure you’re on the correct site and connect your Web3 wallet using the on-screen prompts. 
Once connected, navigate over to the collections page to see which NFT collections users have created liquidity pools for. The biggest and most active pools are for popular, well-established, and frequently traded collections—don’t expect to find pools for smaller and more obscure projects. After finding a collection to trade, click on it, then navigate to the “pools” tab. This will show the user-created pools offering NFTs from the collection, how much liquidity there is for each one, the type of bonding curve used, and the Delta value (how much sales and purchases affect the price of NFTs in the pool). We’ll use the Webaverse Genesis Pass collection for this demonstration.
Most collections have one main pool where most of their liquidity is concentrated. However, it’s worth checking if there are other pools available offering lower swap fees—especially if you’re looking to buy NFTs from higher value collections like Bored Ape Yacht Club or 0xmons. For Webaverse Genesis Passes, we’ll look at the main pool with the liquidity of 226 NFTs and 16.522 ETH. 
Here we can see the current price the pool sells an NFT for, the Delta (the amount NFT sales and purchases move the ask price), and the overall swap fee charged by the pool’s creator. Scrolling down, we can also see a graph that gives a visual representation of the pool’s bonding curve. Moving the sliders on the buy and sell sides can simulate how buying or selling multiple NFTs from the pool will increase or decrease the price and how much doing so would cost. 
As pools increase the price of NFTs as they sell them, it’s often better to use multiple pools when buying multiple NFTs. sudoswap’s built-in “Sweep Mode” can be used to find the best combination of purchases. For example, if we wanted to buy 10 Webaverse Genesis Passes, the cheapest option would be selected for the first purchase. However, this would increase the price of other NFTs in the corresponding pool, meaning it could be cheaper to buy from other pools before returning to the first pool. 
The same principles for buying multiple NFTs applies when selling them. If we needed to sell several NFTs from a collection quickly, we could likely get a better overall price by selling single NFTs to individual pools rather than selling all of them to the same one. 
It’s also worth noting that users can select the exact NFT they receive when buying NFTs from sudoswap pools. While this isn’t particularly significant for collections like Webaverse Genesis Pass where each NFT is the same, it has an impact on collections with variable rarity. This is because it offers buyers a chance to buy NFTs with rare traits close to the collection’s floor price. NFT holders looking to sell rarer pieces, meanwhile, may find they can get a better price for their grails on other marketplaces such as OpenSea. 
While sudoswap is still in its infancy, it could potentially revolutionize NFT trading. Members of the NFT community have already started experimenting with different uses for the protocol ranging from raffle systems to GameFi marketplaces. At the same time, speculators are hoping to capitalize on the hype with derivative projects like Sudo Loot and Sudo InuWhile it’s unclear whether sudoswap will host more substantial collections in the future, that might not matter. It’s already pushed NFT trading forward and looks set for a bright future.
Disclosure: At the time of writing this piece, the author owned ETH and several other fungible and non-fungible cryptocurrencies. 
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Meta's losses show the metaverse's costly risk – Insider Intelligence

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Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

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Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
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“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

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WHAT IS QUILVIUS (QVUI)? LET'S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT – Asianet Newsable

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WHAT IS QUILVIUS (QVUI)? LET’S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT  Asianet Newsable
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