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

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Decentralized alternate Uniswap announced the acquisition of the nft marketplace aggregator Genie on June twenty first. Uniswap mentioned this transfer is a part of its mission to unlock common possession and alternate on its platform.

Uniswap is now integrating NFTs into its product line starting with the Uniswap net app and later integrations are mentioned to embody developer APIs and widgets. This isn’t the primary time Uniswap has labored with NFTs. In the spring of 2019 it launched Unisocks which supplied nft liquidity swimming pools backed by real-world property.

Uniswap mentioned within the announcement, “We’re excited to bring what we’ve learned building DeFi products to NFTs.” In August Uniswap mentioned 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, referred to as Unisocks, within the spring of 2019. They additionally view NFTs as “an important gateway to web3” quite than “a separate ecosystem from ERC20s.”

Genie is called the primary nft marketplace aggregator offering a method to uncover, purchase, and promote NFTs throughout numerous marketplaces. The firm permits customers to “batch buy NFTs across all major marketplaces in a single transaction and save up to 40% on gas fees.”

Some metaverse-related endeavors and firmsinformation/lets-get-phygital-the-nfts-backed-by-real-world-collectibles” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/lets-get-phygital-the-nfts-backed-by-real-world-collectibles/amp”> proceed to make progress regardless of current market instability. GameFi and game-related NFTs as an example haveinformation/gamefi-continues-to-grow-despite-crypto-winter-dappradar-report” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/gamefi-continues-to-grow-despite-crypto-winter-dappradar-report/amp”> proven indicators of ahead motion and progress not too long ago. New, experimental nft approachesinformation/uae-launches-the-world-s-most-expensive-modern-postage-stamp” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/uae-launches-the-world-s-most-expensive-modern-postage-stamp/amp”> have nonetheless been launched displaying constructive sentiment for nft, GameFi, and metaverse points of the crypto and Web3 industries.

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