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UNISWAP ACQUIRES ETHEREUM NFT AGGREGATOR GENIE, PLANS TO AIRDROP EARLY USERS

Uniswap Lab, the largest decentralized exchange is set to integrate non-fungible tokens (NFTs) with the Genie acquisition. Although the amount of the deal is undisclosed for now.

The plan is to expand Uniswap’s products such that it accommodates both ERC-20 and NFTs. The acquisition of the NFT marketplace aggregator is part of the plans to “unlock universal ownership and exchange” on the platform.

Uniswap plans to initially integrate NFTs into its web app, which will allow users to buy and sell such assets across all major marketplaces not excluding its developer APIs and widgets.

Also, early users of the Genie will be rewarded by Uniswap according to plans. They will have some USDC airdropped to their wallets. Any user who used the platform at least once or owned a Genie Genesis NFT by April 15 will receive the stablecoin reward, which is claimable for up to twelve months.

Featured image source: Business 2 Community

Comments

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    Felix Aikhuele
    June 23, 2022

    Uniswap into NFTs, that’s a welcome development and a must buy. I expect Pancakeswap to follow suit.

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