Uniswap Labs, the corporate behind the Ethereum-based decentralized alternate Uniswap, is buying the NFT aggregation platform Genie.
“We’re making an attempt to convey all the pieces we delivered to the ERC-20 area to the NFT area,” Uniswap founder and CEO Hayden Adams mentioned Tuesday in a Bankless interview discussing the announcement.
NFTs—distinctive blockchain tokens that signify possession—may be bought on plenty of totally different marketplaces like OpenSea, LooksRare, or Coinbase NFT. But few supply customers the flexibility to buy a number of objects in a single transaction, and none supply aggregation instruments that permit merchants to see listings on rival marketplaces.
Genie presents each.
“We see NFTs as one other type of worth within the rising digital economic system, and it’s a no brainer for us to combine them,” Uniswap Labs wrote on Twitter.
1/ The Uniswap Universe is increasing 🦄
In pursuit of our mission to unlock common possession and alternate, we’re excited to share that we’ve acquired @geniexyz — the primary NFT market aggregator — increasing our merchandise to incorporate each ERC-20s and NFTs 🧞♂️ pic.twitter.com/vESlbE3kvy
— Uniswap Labs 🦄 (@Uniswap) June 21, 2022
The Genie acquisition comes simply two months after OpenSea introduced it was shopping for the NFT aggregator Gem, which additionally permits customers to buy a number of NFTs in a single transaction. Like Uniswap, OpenSea additionally plans to combine NFT aggregation options into its important platform.
As part of Uniswap’s push into NFTs, the corporate mentioned in a press release it plans so as to add a brand new tab particularly for NFTs to its important website later this yr. It additionally plans so as to add NFTs to its builders’ APIs and widgets.
To rejoice its acquisition, Uniswap Labs plans to airdrop an undisclosed quantity of the stablecoin USDC to Genie’s early supporters. Anyone who used the platform not less than as soon as earlier than April 15 or owns a Genie Gem NFT will obtain USDC, the corporate mentioned on Twitter.
Uniswap first acquired into NFTs again in 2019 with Unisocks, NFTs that entitled holders to a bodily pair of socks.
At time of publication, the present flooring worth for Unisocks on OpenSea, the most important NFT market, was 13 ETH (about $15,300).
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