Uniswap Now Acquires NFT Aggregator Genie
Genie, the NFT aggregation platform, is being acquired by Uniswap Labs, the firm behind the Ethereum-based decentralized exchange Uniswap.
In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said: “We’re trying to bring everything we brought to the ERC-20 space to the NFT space.”
NFTs may be acquired on a variety of platforms, including OpenSea, LooksRare, and Coinbase NFT. Few, however, allow consumers to buy numerous things in a single transaction, and none provide aggregation tools that allow traders to browse listings on competing marketplaces. Genie provides both.
“We see NFTs as another form of value in the growing digital economy, and it’s a no-brainer for us to integrate them,” the company wrote on Twitter.
The acquisition of Genie comes just two months after OpenSea announced the purchase of NFT aggregator Gem, which allows users to acquire many NFTs in a single transaction. OpenSea, like Uniswap, wants to incorporate NFT aggregation into its core platform.
Uniswap aims to launch a new tab on its main site dedicated to NFTs later this year as part of its push into NFTs. NFTs will also be included to its APIs and widgets for developers.
Furthermore, the Labs promises to airdrop an unknown quantity of USDC to Genie’s early supporters to celebrate the acquisition. USDC will be awarded to everyone who has utilized the platform at least once or has a Genie Genesis NFT by April 15.
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