Positives for the Ecosystem
With JewelSwap, a user can now have instant sell liquidity for their NFTs. No longer waiting for their NFT listings to get sold or continuously undercutting floor prices to get their much-needed liquidity.
Market makers can also now make markets in their favorite NFT collections, in the process earning trading fees and boosting liquidity in the collection.
Spreads between the floor price and best offers are also greatly reduced compared to traditional marketplaces.
In time to come, liquidity will become more abundant and spread beyond FP NFTs, and across NFT rares.