Uniswap Labs, a decentralized exchange development team, announced that it has acquired Genie, the world’s first NFT marketplace aggregator.
According to the company publicationWith the acquisition of Genie, the Uniswap (UNI) ecosystem will be expanded to integrate both ERC-20 tokens and NFTs into the platform.
“Uniswap, the world’s largest decentralized exchange protocol, is a simple and secure place to access the benefits of digital ownership, providing deeper liquidity than major decentralized exchanges. We are pleased to bring what we have learned in building our products to NFT and give more people access to digital ownership and value. “
NFT is coming to Uniswap
This acquisition was made by Uniswap Labs and will not affect any part of the Uniswap ecosystem. According to the company, Uniswap Protocol, Uniswap Governance and UNI Token are all unaffected by the acquisition.
Genie users will have uninterrupted access to the Genie website until this fall, when the new NFT experience begins. The company didn’t provide any further details on when to plan the release of new NFT features.
To welcome the Genie community to the Uniswap ecosystem, the company will airdrop USDC to everyone who has used Genie more than once by April 15.publication originally GENIE: I mentioned that users with GEM NFTs will also be eligible for airdrops, but later Withdrawal Information that USDC will be airdropped to Genie Genesis NFT holders instead. AirDrop will start in August and will be billable for up to 12 months based on the snapshots already taken.
During the summer, Uniswap Labs will work on integrating NFTs into developer APIs and widgets. According to the company, this will make Uniswap a comprehensive platform for Web3 users and builders.
“This is not the first foray into NFT. Launched in the spring of 2019. Unisocks, The first instance of the NFT liquidity pool, and an instance of the NFT backed by real-world assets.Our work Location of Uniswap v3 NFT Helped a pioneer of on-chain generated SVG. We believe that NFTs are not an ecosystem separate from ERC20, but another form of value in a growing digital economy and are already an important gateway to Web3. “
