Uniswap Labs, the company behind Ethereumbased decentralized exchange uniswapreceiving NFT Aggregation platform Genie.
“We’re trying to bring everything we’ve brought ERC-20 place in the NFT space,” Uniswap founder and CEO Hayden Adams said Tuesday in a Bankless Interview Discussion Announcement,
NFTs—unique blockchain tokens that indicate ownership—can be purchased on many different marketplaces such as OpenC, LuxRay, or Coinbase NFT. But some offer users the ability to purchase multiple items in one transaction, and none offer an aggregation tool that allows merchants to view listings on rival markets.
Genie offers both.
“We see NFTs as another form of value in the growing digital economy, and integrating it is a no-brainer for us,” Uniswap Labs wrote on Twitter.
Genie acquired just two months after OpenSea announced it would buy NFT aggregator Gemstone, which allows users to buy multiple NFTs in a single transaction. Like Uniswap, OpenSea also plans to integrate NFT aggregation features into its main platform.
As part of Uniswap’s emphasis on NFTs, the company said in a statement that it plans to add a new tab specifically for NFTs to its main site later this year. It also plans to add NFTs to its developers’ APIs and widgets.
To celebrate its acquisition, Uniswap Labs plans to circulate an undisclosed amount stable currency USDC For the early supporters of the genie. The company said that anyone who has used the platform at least once before April 15, or owns a Genie Gem NFT, will receive USDC. Twitter,
Uniswap first joined NFTs in 2019 UnisoxNFT which entitles holders to a physical pair of socks.
At the time of publication, the current minimum price for Unisox On OpenSea, the largest NFT market was 13 ETH (about $15,300).
Want to become a crypto expert? Get the best of Decrypt straight to your inbox.
Receive the biggest crypto news + weekly roundups and more!