EdenLoop, an open-source marketplace for non-fungible tokens (NFTs), announced successful collaboration with global decentralized service protocol ApolloX to expand its NFT market ecosystem.
The non-fungible token marketplace confirmed the successful integration with decentralized service ApolloX in an August 19 announcement. The new integration will provide an opportunity to broaden the scope of the ecosystem and add new products.
Integration of EdenLoop and ApolloX
ApolloX is a decentralized solution for retailers and institutional traders shaping the Web3 market. Interestingly, ApolloX was ranked as one of the top 10 decentralized exchanges (DEXes) on CoinMarketCap as of June 2022, with a trading volume of $162.51 billion, and the top 3 DEX as of January 2022.
Apollo plans to execute its roadmap and increase its degree of decentralization by 2023. Furthermore, the decentralized exchange will expand its network by partnering with platforms and well-known companies such as CoinMarketCap, PancakeSwap, and Banxa Holding.
EdenLoop, on the other hand, is an NFT portal that has distinguished itself in the blockchain play-to-earn (P2E) market. The NFT marketplace is one of the projects attracting global investors due to its technological prowess and demand pioneering. EdenLoop is well-known globally as an NFT portal, having raised $50 million in 24 hours at the Gate.io startup event.
“The collaboration of the ApolloX DEX Engine and EdenLoop’s BlockLoop Engine is expected to expand the EdenLoop ecosystem by adding new products to decentralized service ecosystems” (DEX-as-a-Service). Users expect more control, value, and accessibility when using EdenLoop’s NFT portal for virtual asset transactions.”