UniSwap Enters NFT Game Through Acquiring Genie



In an exciting turn of events, UniSwap Labs, founders of Ethereum-based crypto exchange UniSwap, has acquired NFT aggregation platform Genie. Genie is the first NFT marketplace aggregation platform to allow users to discover and trade NFTs across almost any marketplace.

Through its acquisition, UniSwap will expand its products into ERC-20 tokens, as well as NFTs, meaning starting later this Autumn, users of the platform will be able to buy and sell NFTs on all major marketplaces via its web app. In addition, features such as developer APIs and widgets will also be embedded into the platform, to ensure a cutting-edge trading experience on UniSwap NFT. 

To welcome the existing Genie community to the Uniswap metaverse, the company will be distributing USDC tokens to them via airdrops later this summer. To be eligible to receive this gift, users will either have had to have used Genie more than once before April 15th, or alternatively, hold a GENIE:GEM NFT. 

The company announced the landmark acquisition yesterday, wherein their overall comments on the venture read:

“As the world’s largest decentralized exchange protocol, Uniswap is a simple and safe place to access the benefits of digital ownership, offering deeper liquidity than leading centralized exchanges. We’re excited to bring what we’ve learned building DeFi products to NFTs, giving even more people access to digital ownership and value”. 

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