Uniswap Decentralized Exchange announced acquisition of marketplace aggregator NFT Genie on June 21. Uniswap said the move is part of its mission to open up universal ownership and sharing on its platform.
Uniswap is now integrating NFT into its product line, starting with the Uniswap Web App, and more recent integrations are said to include developer APIs and widgets. This is not the first time Uniswap has worked with NFTs. In the spring of 2019, he launched Unisocks, which offered NFT liquidity pools backed by real assets.
Uniswap’s announcement says, “We’re excited to bring what we’ve learned about building DeFi products to NFTs.” In August, Uniswap said it plans to give away USDC to historical Genie users to share the value of this acquisition and integration.
Uniswap launched the first instance of NFT liquidity pools called Unisocks in the spring of 2019. They also see NFT as an “important entry into web3” rather than a “separate ecosystem from ERC20”.
Genie is known as the first NFT marketplace aggregator, providing the means to discover, buy and sell NFTs on various marketplaces. The company allows users to “buy NFT in bulk on all major marketplaces in a single transaction and save up to 40% on gas fees.”
Some Metaverse-related ventures and companies continue to evolve despite recent market volatility. GameFi and gaming-related NFTs, for example, have recently shown signs of moving forward and growing. New, experimental NFT approaches were still being released demonstrating a positive attitude towards NFT, GameFi and the metaverse aspects of the crypto industry and Web3.
Credit : cointelegraph.com