The dynamics of memecoin trading are coming to NFT markets.

Zora announced the launch of onchain secondary markets with Uniswap for its NFT collectibles last week.

This is enabled by a new “ERC-20z” token standard, an extension from the ERC-1155 standard that effectively wraps and unwraps an NFT so it becomes tradable like a standard ERC-20 token.

Zora’s new token standard addresses a typical pain point of NFT mints, namely the lack of liquidity to make NFTs tradable on a secondary marketplace after the mint closes.

Read more: Web3 Watch: A second Trump token fiasco

To bootstrap initial liquidity, the new token standard funnels a portion of mint fees into the subsequent Uniswap…

Read more on Blockworks