Uniswap announced today that it has acquired Genie, a market aggregator for non-fungible tokens or NFTs.
Uniswap Will Introduce NFT Support
Uniswap is one of the largest DeFi exchanges in operation, boasting high usage statistics such as $1.3 billion traded over the past day and $7 billion in total value locked.
Now, it has acquired Genie, an NFT market aggregator, according to a June 21 announcement. There, Uniswap called NFTs a “form of value in the growing digital economy” and said that it is a “no-brainer for us to integrate [NFTs] into our products.”
NFT trading will soon be an option in Uniswap’s web app, which will allow users to buy and sell NFTs beginning in the fall.
The project will also integrate NFTs with its developer APIs and widgets, allowing web3 creators to access relevant data.
Uniswap will additionally run an airdrop of the USDC stablecoin in August. Users who are eligible include those who used Genie before April 15 and those who hold a GENIE:GEM NFT.
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