Uniswap acquires NFT marketplace aggregator Genie to further ‘universal ownership’ goals

Decentralized alternate Uniswap announced the acquisition of the NFT market aggregator Genie on June twenty first. Uniswap stated this transfer is a part of its mission to unlock common possession and alternate on its platform.

Uniswap is now integrating NFTs into its product line starting with the Uniswap net app and later integrations are stated to incorporate developer APIs and widgets. This isn’t the primary time Uniswap has labored with NFTs. Within the spring of 2019 it launched Unisocks which provided NFT liquidity swimming pools backed by real-world belongings.

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Uniswap stated within the announcement, “We’re excited to deliver what we’ve discovered constructing DeFi merchandise to NFTs.” In August Uniswap stated it deliberate to airdrop USDC to historic Genie customers in an effort to share the worth of this acquisition and integration.

Uniswap launched the primary occasion of NFT liquidity swimming pools, referred to as Unisocks, within the spring of 2019. Additionally they view NFTs as “an essential gateway to web3” slightly than “a separate ecosystem from ERC20s.”

Genie is named the primary NFT market aggregator offering a way to find, purchase, and promote NFTs throughout numerous marketplaces. The corporate permits customers to “batch purchase NFTs throughout all main marketplaces in a single transaction and save as much as 40% on gasoline charges.”

Some metaverse-related endeavors and corporations proceed to make progress regardless of current market instability. GameFi and game-related NFTs as an example have proven indicators of ahead motion and development not too long ago. New, experimental NFT approaches have nonetheless been launched displaying constructive sentiment for NFT, GameFi, and metaverse elements of the crypto and Web3 industries.