0x protocol launches “Instant” generator module
The permissionless protocol which allows for the trading of ERC20 tokens on the Ethereum blockchain, 0x protocol has announced the release of ‘0x Instant’. It is a simple and easy way for developers and users to add token exchange functionality to a website or application. With just a few lines of code, customers can now add crypto purchasing seamlessly to any app or website. This news was made public by decentralized peer to peer exchange protocol for digital assets in a Medium blog on Thursday.
As per the blog, ‘Instant’ is a natural progression for the company after the successful launch of the second version of the 0x protocol. Instant aggregates liquidity from 0x relayers for any ERC-20 or ERC-721 asset. It automatically finds the best prices within the 0x networked liquidity pool and lets users pay for tokens with ETH via MetaMask, Ledger, Trezor, or any other Ethereum wallet.
If the users want to embed a simple one-click buying interface to sell their in-game NFT or dApp token, they just need to identify the tokens they support, choose a liquidity source, and select an affiliate fee up to 5% (if any). 0x Instant is already being hosted by a diverse set of projects including non-fungible token marketplaces, non-custodial crypto wallets, dApps, and even crypto price feeds.
According to Will Warren, CEO, and co-founder of 0x protocol, “0x Instant provides a simple and intuitive interface that may be embedded in any website or app, allowing visitors to “1-click buy” Ethereum tokens with ease. Behind the scenes, each copy of 0x Instant pulls liquidity from a massive shared pool that is globally accessible.”
Assets are being tokenized at a very rapid pace and 0x being backed by the likes of Polychain Capital is also trying its best to keep pace with the change and has built tools that allow this value to flow freely.
Using this functionality, users have full control over the assets being offered and they can choose the source of liquidity.
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