[PRESS RELEASE – Los Angeles, California, 28th February 2023]
We’re excited to partner with Hyperspace, the cutting-edge Solana NFT marketplace, to integrate MegaSwap, the cross-chain smart service for web3. The MegaSwap integration will provide faster onboarding and easier access to cross-chain liquidity for Ethereum and Solana NFT users.
This collaboration gives traders and creators on Hyperspace an unprecedented opportunity to instantly swap assets between Ethereum, Solana, and soon-to-be many other blockchains.
With a focus on increasing liquidity across multiple ecosystems, Hyperspace has established itself as a top NFT platform on Solana by aggregating 17 different marketplaces. As a new onramp for liquidity, MegaSwap provides Solana NFT creators on Hyperspace with an additional avenue for revenue and reach. For users, this means easily onboarding into Solana NFTs by swapping their Ethereum without having to log in or deal with wrapped tokens.
Additionally, MegaSwap offers a safe, secure alternative to the traditional centralized exchange model. Instead of having users store their coins on an exchange, users can put them in their own self-custody wallets and make trades on MegaSwap, avoiding the risk of meltdowns as we witnessed with FTX, BlockFi, Celsius, or Voyager. With MegaSwap, you never have to provide any sensitive personal information.
Hyperspace is the first app to take advantage of MegaSwap’s permissionless affiliate program. Web3 applications like Hyperspace, which embed MegaSwap into their front end, will benefit from an innovative new revenue-sharing program. With a single line of code, apps can earn a percentage of all cross-chain swaps and drive new users into their growing ecosystems.
DeSo founder, Nader Al-Naji, explains: “MegaSwap will soon make web3 apps in any ecosystem chain-agnostic with a single line of code paving the way for interoperability and composability among different crypto applications. By installing MegaSwap, teams can easily onboard new users and drive liquidity to their applications instantly, solving a major pain point for every blockchain developer today. Users will soon have unprecedented access to funds from any ecosystem without having to give up custody of their coins.”
While Hyperspace is the first official MegaSwap partnership, it won’t be the last – several other teams have already reached out about integrating MegaSwap into their apps. DeSo is committed to creating a social layer for web3 and will look to add support for other blockchains like NEAR, Cardano, Dogecoin, and more!
The MegaSwap launch is another example in a recent string of successes for DeSo. Recently, they launched a breakthrough fundraising platform called Openfund that enables entrepreneurs to launch tradeable coin-backed fundraising rounds via the world’s fastest order book exchange.
With the combination of Openfund and MegaSwap, founders and builders can easily fund projects, acquire new users, and expand their reach with a comprehensive suite of powerful tools in the DeSo ecosystem.
About Deso
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.
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