Cryptocurrency

Sushi to Launch NFT Marketplace Shoyu Next Month

A cluster developer supporting the well-known SushiSwap protocol has created new smart contracts for a new NFT marketplace called Shoyu.

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The platform will benefit xSushi owners and optimize their gas fee for NFT processes.

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Developers Plan Shoyu Launch

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Sushi has started preparations for a new NFT Marketplace called Shoyu.

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LevX, the lead developer behind the project, posted an update about the platform on Sushi’s forum on Wednesday. The group noted that the design of the protocol has been completed, but there is still a lot of work to be done in infrastructure related bets. LevX also shared the details of the analysis developed on various features, price structure and Ethereum (ETH) issue.

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Contracts are not currently audited. However, the team planned to conduct security audits from Peckshield, Mixbytes, and Zokyo. Other than LevX, other contributors to the code include Future Fund, Ayoki, Evan Keast, Zach Noble, and Omakase Bar.

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The proposal for the NFT platform was first raised in March. The community voted on the name “Shoyu”, which means soy sauce in Japanese.

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Shoyu plans to launch a digital collectibles marketplace and a 3D metaverse precedent for games like Axie Infinity and Decentraland.

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The platform will support NFTs from Ethereum and other blockchains in a Solidity-based multi-chain ecosystem. It will also allow SUSHI holders to earn a portion of the prices generated by the protocol. According to the plans posted on the Sushi forum, 2.5% of each process will go to xSUSHI holders.

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Shoyu is scheduled to launch in mid-August. Also, more updates in November 2021 and January 2022 are in the midst of plans. The group is working on “Japanese precision and aesthetics” for the interface.

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Shoyu’s contracts will come with a built-in exchange function to optimize gas fees. By taking an off-chain approach, the number of on-chain offers for NFTs on Ethereum will be reduced.

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