Recently the open protocol decentralised peer-to-peer Ethereum exchange, 0x, has launched Instant, creating an easier way to buy tokens, and opening doors to a new worldwide financial system.
After it was founded last year by Will Warren and Amir Bandeali, 0x is aiming to create a platform where all assets can be tokenised and freely exchanged. Stocks, bonds, fiat currencies, commodities, debt instruments, real estate, video game items and more are included in this.
Known as ‘relayers’, businesses and projects built on top of 0x to service multiple markets from in-game items to traditional financial assets. These relayers which create products, plug into 0x’s public infrastructure, allowing users to exchange any crypto token created using Ethereum standards such as ERC-721 and ERC-20 assets.
After the second version of the Ethereum protocol came out earlier in the year and it continued to establish a worldwide open and accessible finance system, the token has create Instant, which delivers a safe and swift interface.
Warren is the CEO and founder of the project and has explained how it all works saying:
“[It is a] one-click buying interface built on top of 0x that gives developers and businesses a flexible, yet simple way to integrate token purchasing into any app or website. Anyone in the world can host an implementation of Instant by embedding it in any product experience, he continued. Instant aggregates liquidity from 0x relayers for any ERC-20 or ERC-721 asset, calculates the best orders to fill and lets users pay for these assets with ETH.”
Instant is looking to help firms and developers such as news sites crypto wallets, dApps or price trackers to monetise or add a new revenue stream to the current pipeline.