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ParaSwap Announces NFT Trading App

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ParaSwap is a DeFi aggregator that unites the liquidity of decentralized exchanges and lending protocols into one comprehensive and secure interface and APIs. The France-based company raised a $2.7 million seed round in September 2020. The funding round was led by Blockchain Capital, Alameda Research, and Arrington XRP Capital.

ParaSwap just announced the launch of a peer-to-peer non-fungible token (NFT) trading app for Apple’s App Store. They claim this is the first NFT P2P mobile trading app on iOS. The app allows sellers to create custom orders for their NFTs which can be sent directly to buyers. Using ParaSwap’s DEX engine on the backend, both parties can transact in their preferred token.

The app also has its own native wallet, using Ramp as a fiat on-ramp. The app will have zero trading fees for the first three weeks as a promotion, with gas fees on the platform for non-Ethereum transactions being permanently refunded.

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