SushiSwap, the popular decentralized exchange that saw the light of day last year, will enter the non-fungible token and metaverse spaces. It will do so by releasing a platform aiming to combine the best from both worlds and the initial v0 campaign will go on for ten weeks.
Shoyu Comes to Life
The press release shared with CryptoPotato informed that the name of the new initiative is Shoyu and the official launch date is November 3rd. This comes just five months after the initial proposition was posted on the SushiSwap forums.
Following a selection period from Shoyu’s curation team that lasted weeks, a number of artists will have the chance to submit their digital artwork in the new NFT platform. Some of the popular names that will be involved in minting digital artwork will include Robert Gallardo, INJURY, Nicolas Sassoon, Thom Mayne, and Keyon Christ.
The team promised that Shoyu will have full compatibility with the entire Sushi ecosystem. Thus, it should become “one of the first artistic marketplaces that marries the art world with the technological innovation of decentralized finance.”
More Than Just The Next NFT Platform
Following the spectacular growth of the NFT industry since the start of 2021, leading to countless new platforms striving to take market shares, SushiSwap has decided to take a bold step by combining non-fungible tokens and the skyrocketing in popularity metaverse field.
Thus, Shoyu aims to “elevate” from the more traditional web-based NFT marketplace into a serene 3d metaverse experience that’s available for mobile, desktop, tablet, notebook, and VR headsets. Its gallery will enable artists to create a multisensory installation – displaying 2D images in a high-definition 3D world. Additionally, it will be able to render 3D sculptures and models in full.
“With support for a slew of file types across images, audio, video, and 3D rendered (GLB/GLTF) items and a maximum file size in excess of 500MB, NFT art will finally be displayed as close to the artists’ vision as possible within Shoyu – no more long load times for a pixelated approximation of your art.” – reads the announcement.