Sudoswap is enabling NFT arbitrage between marketplaces since it provides immediate liquidity for NFT sales. “While I’ve been interested and searching for arbitrages for over a year now this was by far the most profitable strategy I’ve come up with, and quite frankly the strategy itself isn’t that complex,” said Lorem in a blog post.
While this isn’t strictly new, an NFT trader known by the pseudonym Lorem documented, on Oct. 20, their path to arbitraging NFTs, and how it has become a crowded trade. They also provided details of the challenges of fighting against sandwich attacks to carry out these types of trades. In total, this trader made 7 ETH ($9,000) in just over a month, showing the value in this new type of arbitrage — one that may grow over time as more financial tools crop up for NFTs. https://www.theblock.co/post/178579/sudoswaps-immediate-liquidity-is-enabling-nft-arbitrage
