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


Decentralized trade 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 trade on its platform.

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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 supplied NFT liquidity swimming pools backed by real-world belongings.

Uniswap stated within the announcement, “We’re excited to convey what we’ve realized 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, known as Unisocks, within the spring of 2019. Additionally they view NFTs as “an vital gateway to web3” relatively than “a separate ecosystem from ERC20s.”

Genie is called 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 fuel charges.”

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

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