Decentralized exchange Uniswap announced the purchase from the NFT marketplace aggregator Genie on June 21st. Uniswap stated this move belongs to its pursuit to unlock universal possession and exchange on its platform.
Uniswap has become integrating NFTs into its products starting with the Uniswap web application and then integrations are stated to incorporate developer APIs and widgets. This isn’t the very first time Uniswap has labored with NFTs. Early in the year of 2019 it launched Unisocks which offered NFT liquidity pools supported by real-world assets.
Uniswap stated within the announcement, “We’re excited to create what we’ve learned building DeFi products to NFTs.” In August Uniswap stated it planned to airdrop USDC to historic Genie users in order to share the need for this acquisition and integration.
Uniswap launched the very first demonstration of NFT liquidity pools, known as Unisocks, early in the year of 2019. Additionally they view NFTs as “an important gateway to web3” instead of “a separate ecosystem from ERC20s.”
Genie is called the very first NFT marketplace aggregator supplying a way to uncover, buy, then sell NFTs across various marketplaces. The organization enables users to “batch buy NFTs across all major marketplaces in one transaction and conserve to 40% on gas charges.”
Some metaverse-related endeavors and firms keep progress despite recent market instability. GameFi and game-related NFTs for example have proven indications of forward movement and growth lately. New, experimental NFT approaches have still been released showing positive sentiment for NFT, GameFi, and metaverse facets of the crypto and Web3 industries.
