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MagicSwap v2 is the first AMM in crypto to support NFTs and all ERC-20s over a single router

MagicSwap v2 happens to be the very first AMM in crypto to adequately support pools, in the case of ERC-20s, as well as NFTs, all over a single router. It also provides the ability to trade all items (fungible and non-fungible) present in a game economy. After the protocol is handed over, it will support ERC-20, 721 and 1155. It will also have the additional ability to quickly introduce new NFT types with the use of custom vaults.

It also has automated royalties that can be attached to any pool – a feature that has been built into the process of creating surveys. In the near future there are plans to integrate it with the Trove marketplace to allow users to use the swap without having to interact with the AMM.

MagicSwap is planned to be deployed on Arbitrum in early Q2 2023. An audit is currently being conducted by Macro. Following that, the plan is to position it on Arbitrum Nova and slowly explore more ways of connecting with other chains for Web3 games.

MagicSwap uses $MAGIC in terms of governance and fee tokens in case of arbitrum execution. MagicSwap was developed with the intention of making it a tool for creating engaging gaming experiences that engage players.

One of MagicSwap’s most outstanding features happens to be the one that connects the entire Web3 gaming economy using a single router. It also offers pools with separate types of NFTs. This feature is not predominant in the present AMMs. It also helps improve the overall trading experience by allowing users to trade NFTs without the handling of an ERC-20. The protocol happens to have a three tier license framework consisting of protocol fee, liquidity provider fee as well as creator license fees.

In the present scenario, players have to manually create a listing of their items on the marketplace, which hinders the smooth running of the game itself. MagicSwap was created to eliminate such disruptions. It offers users the ability to snap any number of NFTs from the pool. There are also game economies that help in automatic player trade balancing. In addition, the protocol has a decentralized TWAP oracle based on Uni-V3. It offers projects the possibility to build pools that use an ERC-1155 in the form of the base pair.

The protocol happens to have a vault permissions option that can be used by game developers to formulate rules for trading outside of the pool. However, the permission function appears to be anti-crypto at an initial level. However, players must have some level of control over their games. It also facilitates the new Web3 games.

Previous games included features like location-specific marketplaces, e.g. B. Bazaars where players could buy and sell to each other. Now they can trade beyond in-game location. In the case of MagicSwap, game developers can use it to build a network of tokens that can be traded with each other. The protocol also uses $MAGIC in relation to the token fee. It takes 0.5% in relation to trading MAGIC made through MagicSwap pools.

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