According to The Block, NFT protocol Collection will launch an NFT DEX protocol on Ethereum’s Goerli test network today, allowing users to create liquidity pools for NFTs targeting specific standards. It will launch on the Ethereum mainnet later in Q1 2023. Users can set price parameters and limit the pool to certain collections, in-collection features, or socially curated lists to allow people to buy and sell NFTs faster and easier.

According to NFT infrastructure startup Gomu, a core contributor to the open-source project, the protocol uses Merkle proofs to designate and target specific NFTs by token ID, allowing users to target individual tokens, user-defined groups, or entire collections. These NFTs can be grouped according to the user's needs, such as characteristics, rarity, etc. Headquartered in Singapore, Gomu was founded early last year and raised $5 million in seed funding in October from investors including Coinbase Ventures, Defiance Capital and Saison Capital.