OTC Swap
OTC Swap is a trust-minimized NFT OTC protocol. We support a less dependendent NFT P2P transaction. You don’t need expose your name or sns account any more. The only one thing you need is your web3 address. More privacy, more simple
OTC Swap
Created At
Winner of
🥈 XMTP — Best Use
6️⃣ XMTP — XMTP Shout Out
🥉 OpenSea — Best Use of Seaport
Project Description
This project supports NFT OTC transactions more securely and decentralized by using the web3 messaging protocol. In A, by reading order from a marketplace such as Opensea and entering a token that can be provided, an Order in Seaport is created and this information is sent to the owner through XMTP. Upon receiving an offer, the NFT owner can negotiate the offer at XMTP and, if the terms are met, execute the transaction directly at Seaport.
How it's Made
This project uses @XMTP Labs for the negotiation of private transactions and the offer to the NFT owner. This allows users not to enclose the privacy information like name or SNS account, as long as you have a web3 wallet, you can negotiate and transaction P2P. We use Seaport of Opensea for the part of the NFT transaction. This allows for more diverse transactions like ERC721 to ERC1155 or ERC721 to 3 ERC1155. We use IPFS for storing the order information to manage more decentralized. Lastly, we use @EPNS for the notification of the offer.
