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

Decentralized exchange Uniswap Announce On June 21, it acquired Genie, an NFT market aggregator. Uniswap said the move is part of its mission to unlock universal ownership and swap on its platform.

Uniswap is now integrating NFTs into its product line, starting with the Uniswap web app, and later integrations are said to include developer APIs and widgets. This is not the first time Uniswap has partnered with NFTs. In the spring of 2019, it launched Unisocks, a liquidity pool for NFTs backed by real-world assets.

In the announcement, Uniswap said, “We are excited to bring what we have learned in building DeFi products to NFTs.” In August, Uniswap said it planned to airdrop USDC to Genie’s historical users to share in the acquisition and integration. value.

Uniswap launched its first NFT liquidity pool instance called Unisocks in Spring 2019. They also see NFTs as “an important gateway to web3” rather than an “ecosystem separate from ERC20.”

Known as the first NFT marketplace aggregator, Genie provides a way to discover, buy and sell NFTs on various marketplaces. The company allows users to “buy NFTs in bulk across all major markets in one transaction and save up to 40% on gas fees.”

Some Metaverse-related efforts and companies keep making progress Despite recent market instability. For example, GameFi and game-related NFTs There are signs of progress and recent growth.New, experimental NFT approach still released Positive sentiment on NFTs, GameFi and Metaverse in crypto and Web3 industries.