What Is Reservoir?
Reservoir is a developer platform designed to facilitate the next generation of NFT (Non-Fungible Tokens) products. It centralizes NFT orders across the Ethereum ecosystem and offers this liquidity via user-friendly API (Application Programming Interface) endpoints and SDKs (Software Development Kits).
Background
Reservoir was founded in 2021 and raised pre-seed funds in October of 2022.
How It Works
Reservoir operates as an interface that simplifies participation in NFT markets, making them more manageable and in line with Web3’s ethos. It’s built on The Reservoir Standard, an open framework for understanding the NFT market across different marketplaces and chains.
Through its API and SDKs, Reservoir gives developers access to aggregated liquidity from popular NFT marketplaces, granular price data, advanced order types, and detailed metadata for data analysis. It also allows for custom marketplaces, embedded buying and selling functionality, and distribution for your protocol’s liquidity.
Reservoir treats the NFT market as a single entity and simplifies interacting with individual order books and exchanges. This offers several benefits:
- Upgrade protection: Reservoir abstracts the orderbook and exchange, so users receive free exchange and orderbook upgrades without additional work.
- Out-of-the-box aggregation: Reservoir aggregates all major marketplaces and normalizes liquidity so that all orders are treated equally.
- Order distribution: Reservoir allows you to post your orders with your desired fee structure. These orders are distributed to all Reservoir partner marketplaces and marketplaces that aggregate the Reservoir orderbook.
Key Takeaways
- Reservoir is a developer platform that facilitates the next generation of NFT products, aggregating NFT orders across the Ethereum ecosystem.
- The platform was founded in 2021 and raised pre-seed funds in October 2022.
- Reservoir operates on **The Reservoir Standard**, an open framework for understanding the NFT market across different marketplaces and chains.
- Through its API and SDKs, Reservoir provides developers with access to aggregated liquidity, granular price data, advanced order types, detailed metadata, and tools for creating custom marketplaces and distributing liquidity.
- Reservoir offers several benefits including upgrade protection, out-of-the-box aggregation, and order distribution.
