SwapStation - Swap NFTs across different blockchains

Project Name: Swap Station
Project Track: NFT
Team Name: Swap Station
Team Member(s): 1
Project Goal: Make swapping NFTs across different blockchains easy and accessible

DevPost URL: Swap Station | Devpost
Website Preview: https://www.swapstation.io/preview

About

SwapStation.io is a one of a kind marketplace for NFT collectors to showcase, discover, and swap NFTs across different blockchains. So instead of selling NFTs for crypto, you are swapping them for other NFTs whether they’re on the same blockchain or across different chain.

You can import any NFTs to SwapStation, put your token up for trade and start receiving swap offers. Likewise, if you see anything you like you can place an offer using a token you wish to exchange for. The swap takes place when both parties accept the trade.

One of the best things about SwapStation is that nearly everything is free. We wanted to make this platform available to everyone, so no gas fee is required when importing, creating listings and making offers. The only time a payment is required is when an actual swap transaction takes place.

The Process

Architecture

  • Seller/Maker imports NFT from supported blockchains into SwapStation, then puts their NFT up for trade by creating a listing.

  • Buyer/Taker browses available listings and make an offer on a listing by importing their own NFT into SwapStation.

  • If seller accepts an offer, the listed NFT is transfered to the buyer and the offered NFT is transfered to the seller.

  • Seller can cancels a listing and remove it from discoverability and all pending offers.

  • Buyer can retract an offer for a listing if it has not been accepted by the seller yet.

Future work

There’s a lot of work to be done before the product could be considered production ready:

  • Prepare a strategic roadmap of the project which will include development and marketing efforts.
  • Build the core team.
  • Refine the user experience for better NFT discovery and collections management.
  • Expand the number of supported blockchains.
  • Penetration tests and close any gaps in security vulnerabilities.
  • Implement transaction fees as a monetization strategy so the project can be self-sustainable.

Preview Screenshots



5 Likes

You did a good job of explaining it, wonderful project.

While I was taking a look at the material, your diagram picked me awesome diagram

Looking forward to seeing more from you :raised_hands: I’m the CBO of the Tronbies brand, #N18. Keep pushing and hopefully we get to work together in the future! Best of luck :muscle::100: