Uniswap Acquires Ethereum NFT Aggregator Company Genie


Uniswap Labs, the organization behind the Ethereum-based decentralized trade Uniswap, is gaining the NFT total stage Genie.

“We’re trying to bring everything we brought to the ERC-20 space to the NFT space,” Uniswap founder and CEO Hayden Adams said Tuesday in a Bankless interview discussing the announcement.

NFTs — novel blockchain tokens that imply proprietorship — can be bought on various commercial centers like OpenSea, LooksRare, or Coinbase NFT. In any case, few proposition clients can buy numerous things in a single exchange, and no deal collection devices permit merchants to see postings on rival commercial centers.

Genie offers both.

“We consider NFTs to be one more type of significant worth in the developing computerized economy, and it’s an easy decision for us to coordinate them,” Uniswap Labs composed on Twitter.

The Genie procurement comes only two months after OpenSea reported it was purchasing the NFT aggregator Gem, which likewise permits clients to buy numerous NFTs in a solitary exchange. Like Uniswap, OpenSea additionally plans to coordinate NFT conglomeration highlights into its fundamental stage.

As a piece of Uniswap’s drive into NFTs, the organization said in a proclamation it intends to add another tab explicitly for NFTs to its fundamental site not long from now. It likewise plans to add NFTs to its engineers’ APIs and gadgets.

Uniswap Acquires Ethereum NFT Aggregator Company Genie
Via Bitcoinist.

To praise its obtaining, Uniswap Labs plans to airdrop an undisclosed measure of the stable coin USDC to Genie’s initial allies. Any individual who utilized the stage something like once or claimed a Genie Genesis NFT by April 15 will get USDC. (A prior tweet from the organization had said Genie Gem holders were remembered for the airdrop.)

Uniswap first got into NFTs back in 2019 with Unisocks, NFTs that entitled holders to a physical pair of socks.

At season of distribution, the ebb and flow floor cost for Unisocks on OpenSea, the biggest NFT commercial center, was 13 ETH (about $15,300).


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