SushiSwap unveils website for its yet-to-launch Shoyu NFT platform


The website for SushiSwap's forthcoming non-fungible token (NFT) platform, Shoyu, is now live.

The team behind Shoyu posted a tiktok today teasing, "In a desert of NFTs, an oasis is emerging," with desert-themed images leading to the Shoyu domain name. The site now displays a page promising that "creative commerce reimagined" is coming soon. Project leader LexV also tweeted a link to the website today.  

Two months ago, LevX, a former Sushi contributor, proposed the idea of an NFT platform with a frontend, caching layer and infrastructure for art storage powered by Sushi. The platform would provide similar services to existing NFT marketplaces like SuperRare and OpenSea.

A July 7 post contains the initial development and management proposal, as well as some user interface mockups. Those mockups match the current layout on the live It said that an initial "v0" would be released in August, followed in November by a "v1" with additional social networking aspects and that a third upgrade, to "v2," would occur in January 2022. 

A number of firms have also been looking to capitalize on the NFT boom by launching their own marketplaces. OKEx announced the launch of its minting and trading platform today, and Binance also has an NFT marketplace in operation. Still, OpenSea remains the leading venue.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC